pages: CityCouncil/2017-07-05.pdf, 22
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2017-07-05 | 22 | Mr. Dorfman responded that he is confident the developer will receive the financing. Councilmember Oddie inquired by what date. Mr. Dorfman responded the developer is still in negotiations. Mayor Spencer inquired if the financing is for all three phases. Mr. Dorfman responded the financing is for Phase 1. Mayor Spencer inquired whether the developer can obtain financing for Phase 2. Mr. Dorfman responded that he is confident financing for Phase 2 residential components will be obtained; stated Mr. Ernst can speak to the commercial components. Mayor Spencer inquired about financing for Phase 3. Joe Ernst, APP, stated that he has financing partners; developing the amenities and commercial will create interest. Mayor Spencer inquired whether Mr. Ernst is confident APP will have financing for Phase 2, including the commercial. Mr. Ernst responded in the affirmative. Mayor Spencer inquired whether Mr. Ernst is willing to guarantee that they will have financing. Mr. Ernst responded there are no guarantees in the business. Mayor Spencer inquired whether Mr. Ernst will have financing for Phase 3. Mr. Ernst responded that he is confident the financing will be raised. Mayor Spencer inquired whether Mr. Ernst will bond that he can get financing. Mr. Ernst responded there is nothing to bond. Mayor Spencer inquired whether Mr. Ernst can assure the City that the complete project will be built. Mr. Ernst responded that his word and reputation are the assurance. Mayor Spencer inquired whether there is any tool that can be offered to the City to guarantee that Phase 3 will be built. Regular Meeting Alameda City Council 21 July 5, 2017 | CityCouncil/2017-07-05.pdf |