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city-of-park-council-meeting-minutes-april-24-2025_4ad.pdf

Park City supports $2M HOPA redevelopment project

$2,000,000City of ParkMOUNTAINLANDS COMMUNITY HOUSING TRUSTApril 24, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

City Council approved gap financing assistance for the Holiday Village and Parkside Apartments (HOPA) Redevelopment Project, suggesting a soft money loan or grant of $2 million from the City. The plan is to replace 122 units with seven buildings that totaled 317 units in a seven to 10 year time period

Contract Details

Contract Amount

$2,000,000

Vendor

MOUNTAINLANDS COMMUNITY HOUSING TRUST

Agency

City of Park, UT

Contract Type

Grant

Document Date

April 24, 2025

Contract Term

NA

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