Shaker Heights Neighborhood and Economic Development Committee Agenda Jan 2026
$225K Vision Loan Recommended for RDL Architects
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Description
A $225,000 Vision Loan for RDL Architects was recommended by the committee to assist office buildout costs in the Arcadia redevelopment, encouraging RDL's return to Shaker Heights and supporting local business growth.
Contract Details
Contract Amount
$225,000
Vendor
RDL ARCHITECTS
Agency
City of Shaker Heights, OH
Contract Type
FINANCIAL_SERVICES
Document Date
January 14, 2026
Contract Term
10-year lease commitment implied for occupancy
Renewal Date
2036-01-14
Renewal Info
Standard Vision Fund loan conditions apply: repayment/forgiveness based on performance and occupancy term. Repayment aligns with income tax collection dynamics.
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