Developers pursuing gap financing for Davis Exchange; city says MOU still in progress
City staff told commissioners July 1 that the Davis Exchange MOU is not final; developers are pursuing additional funding to close a previously reported $750,000 gap while the city’s current MOU reflects the original $1,750,000 commitment. Commissioners requested timelines, original agreements and clearer documentation of the city’s obligations.
The full story
City staff updated the Albany City Commission on July 1 that the memorandum of understanding for the Davis Exchange (IDP) project remains under negotiation and is not ready for a final vote.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in