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Title:
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Approves an amendment to the Chamber Apartments LP HOME loan agreement to change the following terms and conditions for the $548,997 owed to the City: a) $248,500 at 1% with 40 year term; and b) $300,497 will remain as surplus cash note at 3% for 40 years. (BUSINESS, WORKFORCE, & SUSTAINABILITY) Approves an amendment to the Chamber Apartments LP HOME loan agreement to change the following terms and conditions for the $548,997 owed to the City: a) $248,500 at 1% with 40 year term; and b) $300,497 will remain as surplus cash note at 3% for 40 yearsThe last regularly scheduled Council meeting within the 30-day review period is on - -10. . The Committee approved filing this bill by consent on 10-7-10.
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