Title:
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Union Street Station - Consent to Assignment of Development Agreement - Legislative Item Number 980929
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Title
Union Street Station - Consent to Assignment of Development Agreement - Legislative Item Number 980929
Explanation
First Union Bank will be providing financing to the developer for the Union Street Station project. As a condition of the financing the bank has requested that the developer assign its rights under the development agreement with the CRA and the City of Gainesville to the bank. On December 21, 1998, the CRA approved a motion consenting to the assignment as requested.
Fiscal Note
None
Recommendation
Consent to the assignment of the Development Agreement for Union Street Station to First Union Bank.