Amend loan terms with East Bay Center for the Performing Arts
In Plain English
The city previously made a bridge loan to the East Bay Center for the Performing Arts. The original loan agreement needs changes to its terms or payment schedule. If approved, the city modifies the loan conditions without affecting the total amount owed.
Auto-generated summary. Source: official agenda documents.
Votes
Approved the first amendment to loan documents with the East Bay Center for the Performing Arts
6 to 0
Why This Vote Matters
The council unanimously approved changes to the terms of a bridge loan previously made to the East Bay Center for the Performing Arts. The modification adjusts the payment schedule or other loan conditions but doesn't change how much the arts center owes the city. This is a routine administrative adjustment to help manage an existing financial agreement between the city and the performing arts organization. All six council members present voted yes, with Councilmember Bates absent.
Auto-generated context. Source: official meeting records.
Similar Discussions
5 related items found by meaning
Extend loan deadline and give $150,000 grant to East Bay Center for Performing Arts
Extend performing arts center loan and provide $200,000 annual grants
Extend performing arts contract and add $120,000 in funding
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Approve $150,000 matching funds for National Endowment for the Arts public art grant
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