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HRA Work Session 5. 3. <br />Meeting Date: 06/21/2011 <br />By: Heidi Nelson, Administrative Services <br />Title: <br />Update on Flaherty and Collins Financing - The Residences at The COR Project <br />Background: <br />Over the past few weeks, work has continued on finalizing financing for the Flaherty and Collins - The Residences <br />at The COR project. City representatives met with Flaherty and Collins representatives at the ICSC conference as <br />well as a representative of the bank financing the deal. On Thursday June 16th, Flaherty and Collins is scheduled <br />to meet with their bank on -site at The COR. Staff will provide an update of those meetings and a status of the <br />financing during the HRA work session. <br />Staff will review with the HRA the current structure of financing that is being considered for the Flaherty and <br />Collins project. Stacie Kvilvang with Ehlers will be present for the worksesion to review the financing structure <br />being proposed for the project. <br />Notification: <br />Observations: <br />Recommendation: <br />No action required. <br />Funding Source: <br />No funding required for discussion item. <br />Council Action: <br />No HRA action required. <br />Form Review <br />Inbox Reviewed By Date <br />Heidi Nelson (Originator) Heidi Nelson 06/15/2011 04:12 PM <br />Form Started By: Heidi Nelson Started On: 06/15/2011 <br />Final Approval Date: 06/15/2011 <br />