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Title:
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Amends a contract with 2300 Welton, LLC to modify the loan interest rate from 3% simple interest to 3% compound interest as necessary for the tax credit equity investors to invest into the Low Income Housing Tax Credit offering (OEDEV-CE63028-04). (BUSINESS DEVELOPMENT COMMITTEE) Amends a contract with 2300 Welton, LLC to modify the loan interest rate from 3% simple interest to 3% compound interest as necessary for the tax credit equity investors to invest into the Low Income Housing Tax Credit offering (OEDEV-CE63028-04). The last regularly scheduled Council meeting within the 30-day review period is on 2-2-15. The Committee approved filing this bill by consent on 1-8-15.
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