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CDA approves amendment allowing short-term extension of redevelopment bond for Renaissance Fair office complex
Summary
The CDA voted to approve a first amended trust and board agreement with US Bank Trust Company, allowing the maturity date of redevelopment-related financing for the Renaissance Fair office complex at 809 S. 60th St. to be extended; CDA staff said the action is largely a private financing matter and that city counsel reviewed and recommended the
The Community Development Authority voted July 22 to approve a first-amended trust and board agreement with US Bank Trust Company that permits a short-term extension of the maturity date on redevelopment-related bonds for the Renaissance Fair office complex at 809 South 60th Street.
Patrick (staff member) told the board the CDA originally issued redevelopment revenue bonds tied to the Renaissance Center in 2012. The developer converted the bonds into a note held by US Bank, and…
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