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Reso 2025-3772
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Reso 2025-3772
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Last modified
2/11/2025 10:52:57 AM
Creation date
2/6/2025 12:15:27 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2025-3772
Date (mm/dd/yyyy)
01/16/2025
Description
Confirming the Balance of TDRs currently held in the TDR Bank Accounts by the City and Private Owners.
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* Applicant paid 10% of non-refundable deposit, but development order expired and TDRs were returned to the City. <br />** Applicant received a credit of $204,775 for undergrounding utilites and $841,580 as part of a real estate transaction. <br />*** Payments are transfer fees collected by the City to release West side only condition. <br />**** The purchase price of $5,156,017 was increased by an additional $252,485 of interest payments. <br />***** The purchase price of $4,500,206 was decreased by $380,957 due to settlement of outstanding loan agreement. <br />****** TDRs were not used by the Applicant and were reverted to the City. <br />Page 5 of 6 180 <br />
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