My WebLink
|
Help
|
About
|
Sign Out
Home
Search
06/07/2010 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2010
>
06/07/2010 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/26/2014 1:40:32 PM
Creation date
3/25/2014 10:33:13 AM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
06/07/2010
Council Meeting Type
Work Session Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
160
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
• <br />• <br />• <br />Summary <br />If the City views the subordination issue as losing the senior preference to the control of the new lender, <br />I suggest this proposal does just the opposite and takes concrete steps to lessen the likelihood of project <br />failure long term. <br />The more demanding issue challenging Willow Ponds is the real potential of losing the project's <br />affordable tenant base, rent structure, and disability requirements. <br />Finally, Willow Ponds needs to be refinanced in the near future. The subordination issue will not go <br />away if my proposal is denied. The best method to address the City's subordination issue is to deal with <br />it now and accept the new owner and refinancing plan as proposed here. <br />12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.