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Council approves clerical change to Field Street vacation and authorizes bond financing agreement for Danko Mountain Townhomes
Summary
Council amended a prior Field Street vacation resolution to clarify use by Danko for design/functionality of an affordable housing project and approved joining a joint powers agreement to permit tax-exempt bond financing; water/sewer priority item was tabled.
The Mount Shasta City Council on Feb. 24 approved a clerical change to a prior vacation of half of Field Street to clarify that the vacated portion "may be used by Danko for the purpose of ensuring quality design and functionality of its affordable housing project," and separately approved joining a joint exercise of powers agreement with the California Municipal Finance Authority to enable tax-exempt financing for the Danko Mountain Townhomes project.
Todd and project consultants described the correction as…
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