2.2.
CC Work Session
- Meeting Date:
- 12/14/2010
- By:
- Kurt Ulrich, Administrative Services
Title:
Review Flaherty and Collins Brier Creek Project
Background:
The City recently became aware of this news article regarding a second Flaherty and Collins project bankruptcy in Raliegh, North Carolina, known as the exchange at Brier Creek. While every development project operates somewhat independently, staff has reviewed this matter with the developer and Ehler's, the City's financial consultant on the project. Attached is a letter from the developer and a review of the financial gurantees in place for this project.
Recommendation:
It is recommend that the City review and discuss the information provided.
Funding Source:
Not Applicable.
Council Action:
Per discussion.
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich (Originator) | Kurt Ulrich | 12/09/2010 07:08 PM |
- Form Started By:
- Kurt Ulrich
- Started On:
- 12/09/2010 06:37 PM
- Final Approval Date:
- 12/09/2010