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.
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Votes
Motion · Official minutes
Approved the first amendment to loan documents with the East Bay Center for the Performing Arts
6 aye · 0 nay · 1 absent
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.
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