Jubilo Village — $850,000 Congressional Award and City Loan Paydown Discussion

City staff wrote that Culver City had received $850,000 in congressional funding for Jubilo Village and believed it would offset the City's contribution. Community Corporation later proposed using the money against project losses, but Tara Barauskas wrote after speaking with Bubba Fish that this was a 'non-starter' and that the $850,000 had to be applied to the City loan balance. Community Corporation project manager Andrew Yick responded that a direct paydown and amendment to the loan agreement appeared appropriate, subject to legal confirmation.