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Council approves second amendment allowing Whitefish funds to serve as restricted bonding for Depot Park Townhomes
Summary
Council unanimously approved a second amendment to the developer agreement with the Whitefish Housing Authority allowing roughly $439,000 of previously committed city funds to be restricted as a form of bonding for the Depot Park Townhomes project, enabling final plat submittal.
The Whitefish City Council on Jan. 21 approved a second amendment to the developer agreement with the Whitefish Housing Authority (WHA) to enable final plat submittal for the Depot Park Townhomes project.
City staff explained the amendment allows the city to accept, as a form of bonding, the restricted use and disbursement of about $439,000 of city funds from a previously agreed $2,000,000 commitment for construction items in section 7.1 of the…
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