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Votes and actions: Garland Public Finance board — CFO authorized to sign Filament loan modification
Summary
At its meeting the Garland Public Finance board approved minutes from the prior meeting and unanimously authorized the finance director to execute a second modification permitting Wolf Development to extend refinancing for the Filament project; meeting adjourned at 08:32.
The Garland Public Finance Public Facility Corporation approved the minutes from its July 15, 2024 meeting and then considered a second modification agreement to allow Wolf Development to extend refinancing of the Filament apartment project.
After a staff presentation on the PFC’s role, fees and payment schedule, a motion was made and the board authorized the chief financial officer to execute the second modification. The chair announced the vote as unanimous, and the meeting was adjourned at 08:32.
Recorded actions: authorization for the CFO to sign the 2nd modification allowing refinancing and extension of the loan for the Filament project; minutes approved from prior meeting. No public commenters were present.
