April 26, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Amends the assignment of the real estate contracts for property on 148-150 River Ford Parkway to Shangri-La Industries, Inc. by waiving the reimbursement…
- Passed. Voted no: S. Antanette Mosley, Kim Roney, Sage Turner.
- The money, in the minutes' words: “To assist, the City has the ability to waive reimbursements from the closing in the amount of $79,500 that ShangriLa had previously agreed to pay to the City in December as part of the assignment.”
More from the minutes
- “Quality affordable housing”
- “Creates needed permanent supportive housing units”
- “The City will forgo reimbursements of due diligence and pursuit costs that were spent from the Affordable Housing Capital Improvement Program (CIP) funds on the real estate acquisition at Ramada”
Official title: Council amended the assignment of the real estate contracts for property on 148-150 River Ford Parkway to Shangri-La Industries, Inc. by waiving the reimbursement of $79,500 in due diligence costs for the purposes of creating permanent supportive housing
Carried 4–3
From the minutes: This motion was seconded by Councilwoman Kilgore and carried on a 4-3 vote, with Councilwoman Mosley, Councilwoman Roney and Councilwoman Turner voting “no”.
Read the motion as recorded
“Councilwoman Wisler moved to amend the assignment of the real estate contracts for property on 148-150 River Ford Parkway to Shangri-La Industries, Inc. by waiving the reimbursement of $79,500 in due diligence costs for the purposes of creating permanent supportive housing.”
Open the minutesMotion text in the minutes