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Council Keeps Discussion Open on Extension to Convey Annie Wittenmeyer Property After Questions on Loan and Funding
Summary
Councilors left a proposed short extension to the June 30 closing on the Annie Wittenmeyer property under discussion after residents raised questions about a potential city gap loan, tax impacts and the project’s funding sources.
A resolution asking the City to extend the deadline to convey the Annie Wittenmeyer property to AW Holdings LLC was discussed at the June 4 Committee of the Whole meeting; councilors voted to keep the item on the discussion docket rather than approve the extension that night.
The issue arose because the developer cannot meet the June 30 closing date while awaiting federal environmental review tied to HOME funds. Bruce Berger, director of Community and Economic Development, told the council the developer has been working for roughly 18 months to secure multiple funding sources and that federal HOME funding (federal funds that flow through the state) remains under environmental review and is delaying the closing. Berger said the requested extension would be roughly 30 days.
Multiple residents urged the council to delay…
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