Title
Approval of Letter of Conditions amendment regarding Catoosa Water Tank $419,500 RUD Loan
Body
SUMMARY: Rural Development has requested an amendment to the Letter of Conditions to the cost overrun loan in the amount of $419,500. The proposed amendment changes the lien position from parity lien position to subordinate lien position.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Approve amendment