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Attachment 2 <br />FY11 Loan Recipients and Amounts <br />The chart below provides the loan recipients, FY11 disbursement amount, loan amount, source of funds, use <br />Revitalization Loan Program. The DRLP is a flexible financing program designed to encourage investments <br />within the Downtown Urban Renewal District that contribute to the economic vibrancy and density goals for <br />downtown. The DRLP is also designed to be responsive to unique redevelopment opportunities, downtown <br />redevelopment challenges, and individual project financing needs. The loan program is administered by <br />downtown urban renewal staff and uses program revenue for loans (NOT tax increment funds). All loans are <br />reviewed by the Loan Advisory Committee. <br />Loan FY11 Private <br />Borrower Source Use <br />Amount Disbursement Funds <br />Federal <br />(Section <br />Beam <br />108 loan <br />$6.5 million $4,146,770 $750,000 <br />Construction Loan <br />Development <br />guarantee & BEDI <br /> <br />grant) * <br />Building improvements to <br />Lord Leebrick $150,000 $32,427 DRLP $1.5 million <br />new location on West <br />Broadway <br />tenant improvements to new <br />location on West Broadway <br />Jazz Station $15,000 $15,000 DRLP $7,000 <br />(one block west of the former <br />location) <br />Project costs for construction <br />Woolworth <br />of Woolworth Building (on <br />$1.3 million $1.3 million DRLP $9.7 million <br />Properties <br />Willamette next to the <br />Broadway Commerce Center) <br />Totals $7,965,000 $5,494,197 $11,257,000 <br /> <br />* The federal (HUD) contract requires the funds to be suballocated to the Agency. <br />33 <br />