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TURA Regular Meeting
Meeting Date: 09/13/2017  

Information
Subject:
OBB Partners V - Loan Extension Request
Background:
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.  
Recommendation:
Motion:
Attachments
Amortization

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