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Item C: West Broadway Project
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CC Agenda - 12/10/07 Work Session
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Item C: West Broadway Project
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6/10/2010 10:25:39 AM
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12/6/2007 11:30:39 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
CMO_Meeting_Date
12/10/2007
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? <br /> <br />HUD Section 108 loan is repaid through Beam’s principal and interest payments to the <br />City. The BEDI grant and the property that Beam purchased with the loan is used as <br />collateral for the HUD Section 108 loan. The City’s CDBG annual allocation may be <br />withheld by HUD as a final remedy for any default. No other City or URA funds are <br />used or at risk to repay this loan. <br /> <br />
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