5.1.
HRA Regular Session
- Meeting Date:
- 07/12/2011
- By:
- Darren Lazan, Housing & Redevelopment Authority
Title:
Update on Flaherty and Collins Financing - The Residence at The COR Project (Portions may be closed to the public)
Background:
Over the past few weeks, work has continued on finalizing financing for the Flaherty and Collins - The Residence at The COR project. City representatives met with Flaherty and Collins representatives at the ICSC conference as well as a representative of the bank financing the deal. Staff, met with Flaherty and Collins and PNC Bank to provide an overview of the project, and a better understanding of major project components. Staff will provide an update of those meetings and a status of the financing during the HRA meeting.
Staff will review with the HRA the current structure of financing that is being considered for the Flaherty and Collins project.
Staff will review potential deal structure modifications based on discussion above.
Staff will review with the HRA the current structure of financing that is being considered for the Flaherty and Collins project.
Staff will review potential deal structure modifications based on discussion above.
Recommendation:
No action required.
Funding Source:
No funding required for discussion item.
Council Action:
No HRA Action required.
Attachments
No file(s) attached.
Form Review
- Form Started By:
- dlazan
- Started On:
- 07/07/2011
- Final Approval Date:
- 06/23/2011