Approve $300,000 loan to Police Activities League for youth center expansion
In Plain English
The Police Activities League needs temporary funding to expand their youth center. The city lends PAL $300,000 with interest and secures the loan against PAL property. If approved, PAL must repay the loan with interest on a schedule set by the promissory note.
Auto-generated summary. Source: official agenda documents.
Votes
Motion · Official minutes
Approve consent calendar
9 aye · 0 nay
Related agenda records
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PAL Loan Interest Write-off
Police Activities League funding
Memorandum of Understanding (MOU) with the Richmond Police Activities League (RPAL) for continuation of academic tutoring and life skills mentoring to Youth
Memorandum of Understanding (MOU) with the Richmond Police Activities League (RPAL)
Richmond Police Activities League MOU