Chenzo Disaster Relief Loan

At a glance

• What: A $2,000,000 loan to Chenzo, LLC from the Disaster Relief Loan Program to rebuild the building at about 319-321 South Main Street, damaged in the August 11, 2025 fire that took the roof and gutted the interior. Los Tapatios and London Belle had operated there.
• Where it stands: Approved July 14, 2026 by Community Reinvestment Agency Resolution 14 of 2026, 7-0.
• Status: Resolved. The same property later sought a separate commercial development loan (see Commercial Development Loan Program Allocations), and a neighboring fire-damaged building received a loan in August (see Main Street Fire Disaster Relief Loan).

Detail

Taylee Foulger presented the request. The property qualified for two $1,000,000 loans because two commercial storefronts operated there before the fire; staff recommended combining them into one loan for administrative efficiency. Directors, Foulger, Danny Walz and Nick Tarbet also discussed program eligibility criteria, the remaining money in the program and the August 11, 2026 application deadline, and the point that the request covers only fire-recovery financing, not project design approval, which goes through the standard City process. Directors voiced support for the emergency funding to reactivate Main Street.

Motion

Moved by Director Wharton, seconded by Director Carlsen, to adopt Resolution 14 of 2026 approving the Disaster Relief Loan term sheet for Chenzo, LLC. AYE: Petro, Puy, Wharton, Napier-Pearce, Carlsen, Dugan, Young. Passed 7-0.

Sources

• Community Reinvestment Agency minutes, July 14, 2026 (approved October 13, 2026): https://slc.primegov.com/Public/CompiledDocument/45588

Log

2026-07-14 - Community Reinvestment Agency

Resolution 14 of 2026 adopted 7-0 approving the $2,000,000 loan to Chenzo, LLC.