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If commissioners approve the change, the threee parties would have until early July to closeon financing, instea d of the end of June. Miami-Dade Countyu and the parties also will be givej untilJuly 15, instead of July 1, to pull out of the The change that financing institution is requesting wouldc affect the way the letter-of-credit fees are But, it would not impact the projectef financing expenditures the county commission already has reviewed, accordinf to a statement from County Manager George The change would require an amendment to the bond ordinancwe that allowed the countu to issue Professional Sports Franchised Tax and Tourist Development Tax bonds.
County commissionerd will get a chancre to consider the changes at a special meeting onJune 19. A publix hearing and second reading is scheduled forJune 30. Burgessx also is working with Miam to modify the deed on the stadiujm site to reflect the change inthe deal’se new termination date. “Our confidence in the projectg and its underlying funding plan has not he said in the Burgess also wants tomake “minofr technical corrections” to the county deed that conveys two parcels to the city of Miamiu for the stadium garage. In county commissioners approved issuing bonds totalinhg a maximumof $536 million toward construction of the $640 37,000-seat ballpark.
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