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Commissioners finalize execution plan for $3.5 million Aspire/Verizon Center memorandum of understanding
Summary
The board confirmed prior approvals and authorized execution of a memorandum of understanding to provide Aspire $3.5 million with terms for reimbursements if the center fails to operate the full agreed term; the MOU had been approved twice previously and the board directed execution.
Hamilton County commissioners confirmed and prepared to execute a memorandum of understanding that provides $3.5 million to Aspire for the Verizon Center project, after legal review and two prior approvals earlier in the year.
Dennis Sandler of Bose McKinney & Evans, acting as bond counsel for the county, explained the reimbursement-resolution framework used to…
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