Council approves Bonds for Grey Eagle Golf Course and associated multifamily project
The council approved two bond ordinances tied to the Grey Eagle project — one for the golf course and one for age-targeted multifamily housing — with a minor amendment allowing interest proceeds to be split between the golf course and the multifamily developer.
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City Controller Lisa Bradford explained that the Grey Eagle economic development project agreement includes two bond ordinances: one financing the golf-course portion and another for age-targeted multifamily housing. She said the only substantive change from materials council members previously saw was language allowing interest earned on bond proceeds to be split between the golf course and the multifamily developer as needed; the project team agreed to that wording.
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