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TURA Regular Meeting
OBB Partners V - Loan Extension Request
A short term loan was made to OBB Partners V. A final balloon payment is due on October 1, 2017. OBB manager Todd Bouchard has requested a 6 month extension to the loan and will be at the board meeting to discuss.
If an extension is granted, revisions to the current contract will necessary. A draft amortization for a balloon payment due on March 1, 2018 is attached. Also, an updated Project Commitment list #2 is included in the packet, which show agency funding amounts with proposed extension.
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