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Committee signs off on amended ICE advance agreement, corrects revolving facility to $90 million
Summary
The Finance Committee approved an amended and restated ICE advance agreement that corrects a math error and sets the revolving ICE facility at $90 million; the change is part of a broader settlement and amended project agreements to be finalized at upcoming board meetings.
The Diversion Authority Finance Committee voted Dec. 17 to approve an amendment to the ICE advance agreement that corrects a calculation and sets the intended revolving facility at $90,000,000.
Mr. Shockley told the committee the change fixes a mathematical error that had produced a figure of $86,400,000 in an earlier calculation; the amendment…
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