Laserfiche WebLink
HRA Special Session <br />Meeting Date: <br />By: <br />Recommendation: <br />No action required. <br />Council Action: <br />No HRA Action required. <br />06/27/2011 <br />Darren Lazan, Housing & <br />Redevelopment Authority <br />5. 1. <br />Title: <br />Update on Flaherty and Collins Financing - The Residence at The COR Project (Portions may be closed to the <br />public) <br />Background: <br />Over the past three weeks, work has continued on finalizing financing for the Flaherty and Collins - The Residence <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. Staff, met with Flaherty and Collins and PNC Bank to <br />provide an overview of the project, and a better understanding of major project components. Staff will provide an <br />update of those meetings and a status of the 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. <br />Staff will review potential deal structure modifications based on discussion above. <br />Notification: <br />Observations: <br />Funding Source: <br />No funding required for discussion item. <br />Inbox Reviewed By <br />Heidi Nelson JoAnn Shaw <br />Form Started By: Darren Lazan <br />Form Review <br />Final Approval Date: 06/23/2011 <br />Date <br />06/23/2011 02:53 PM <br />Started On: 06/23/2011 01:47 PM <br />