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Title:
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Approves an amendment to the loan agreement for Cottage Hill Senior Apts located in District 1 to restructure the debt and refinance the primary lender note to reduce the interest rate from 6.3% to 4.3%. (BUSINESS, WORKFORCE, & SUSTAINABILITY) Approves an amendment to the loan agreement for Cottage Hill Senior Apts located in District 1 to restructure the debt and refinance the primary lender note to reduce the interest rate from 6.3% to 4.3%. The last regularly scheudled Council meeting within the 30-day review period is on - -10. The Committee approved filing this bill by consent on 9-16-10.
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