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CDA approves up to $25,000 for SB Friedman consulting on real-estate financing
Summary
The CDA authorized an amendment to professional services to retain SB Friedman for up to $25,000 to assist with real-estate financing consulting and development pro-forma analysis; the motion passed by roll call.
The Community Development Authority approved an amendment to professional services to retain SB Friedman for up to $25,000 to support real-estate financing consulting and development pro-forma analysis. The board moved, seconded and voted to approve the retainer to ensure consulting capacity for upcoming financing needs.
The Chair presented the item and staff explained the retainer is meant to keep consulting capacity available as the CDA pursues several near-term development questions. "We're going to amend professional service contractors, SB Friedman for up to $25,000 for real estate financing consulting and development pro forma analysis," the Chair said. The board took a roll-call vote and the resolution passed.
