8. RESOLUTION 2021-35 - A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, authorizing the Mayor and/or her designee to enter into an agreement with STJS Holdings, LLC (Oster Services, LLC and Oster Services Commercial, LLC) for an economic development loan for a total amount not to exceed One Hundred Seventy-Five Thousand Dollars ($175,000), forgivable over five (5) years at Thirty-Five Thousand ($35,000) per annum upon satisfaction of all terms of said Agreement, for the rehabilitation of the historic former St. James School located at 17514 Detroit Avenue, Lakewood, Ohio 44107 and adaptive reuse as an office building. (Referred to HPD 7/19/21) (pg. 21)