Directors say authorization letters must clearly allow liens; question tenant-based applications
Directors flagged concerns that applicant letters do not clearly authorize liens on property and emphasized URA funds can operate as forgivable loans secured by liens; they asked for explicit owner consent before approving funding for tenant-requested projects.
The full story
Board members raised a specific concern about the sufficiency of an authorization letter tied to the Italian Riviera application. The email from Justin Lachimi authorizing a tenant to apply did not, in the directors' view, clearly acknowledge that a financial lien could be attached to the property if forgivable-loan terms apply.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
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