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Title:
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Approve modifications to a HUD Section 108 loan between TAXI Building III, LLC and the Denver Office of Economic Development (OED) to extend the disbursement deadline form June 30, 2011 to December 31, 2014, to move the repayment schedule from October 1, 2011 to October 1, 2014, and to increase TAXI III interest rate from 0.5% above the rate charged to OED by HUD to a 2.5% increase for OED’s HUD repayments made during the TAXI deferral period (loans #1692-01-01 and 1692-901-02). (BUSINESS WORKFORCE AND SUSTAINABILITY) Approves modifications to a HUD Section 108 loan between TAXI Building III, LLC and the Denver Office of Economic Development (OED) to extend the disbursement deadline form June 30, 2011 to December 31, 2014, to move the repayment schedule from October 1, 2011 to October 1, 2014, and to increase TAXI III interest rate from 0.5% above the rate charged to OED by HUD to a 2.5% increase for OED’s HUD repayments made during the TAXI deferral period (loans #1692-01-01 and 1692-...
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