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HomeMy WebLinkAboutMotion Sheet - 3/19/2025Item C4 CITY COUNCIL OF SALT LAKE CITY 451 SOUTH STATE STREET, ROOM 304 P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476 SLCCOUNCIL.COM TEL 801-535-7600 FAX 801-535-7651 MOTION SHEET COMMUNITY REINVESTMENT AGENCY of SALT LAKE CITY TO:City Council Members FROM:Jennifer Bruno DATE:March 18, 2025 RE: RESOLUTION: Commercial Development Loan Program Policy MOTION 1 – ADOPT RESOLUTION AS PROPOSED I move that the Board adopt the resolution approving the proposed Commercial Development Loan Program. MOTION 1 – ADOPT RESOLUTION WITH MODIFICATION I move that the Board adopt the resolution approving the proposed Commercial Development Loan Program with the exception of the aspect of the proposal enabling the finance committee to approve loans under $500,000. MOTION 2 – NOT ADOPT I move that the Council not adopt the resolution, and proceed to the next agenda item.