Laserfiche WebLink
o ® r <br />Chairman Adams commended staff for their remarkable track <br />record in processing 131 loans. She was not pleased with the first <br />option simply because we would lose total control of the <br />investment. She liked the alternative of aggressively pursuing <br />other qualified buyers. <br />Commissioner Bird agreed. He pointed out that if necessary, <br />we could discount the $9,737.83. However, he didn't want us to be <br />too quick to jump into a foreclosure without pursuing another <br />buyer. <br />Commissioner Eggert agreed. She believed we should not set a <br />precedent in the event this loan doesn't close. If this doesn't <br />work, then it should come back. <br />Commissioner Tippin also commended staff on their track <br />record, and Commissioner Bird agreed with considering any future <br />defaults on a case by case basis. <br />MOTION WAS MADE by Commissioner Eggert, SECONDED by <br />Commissioner Bird, to approve Option 4, td do <br />nothing and let the bank, builder, and the applicant <br />resolve the problem just as long as they get a <br />buyer. <br />Under discussion, Commissioner Bird inquired about the <br />financing packages, and Director Keating explained that generally <br />the banks loan 90% of the appraised value of the house. <br />THE CHAIRMAN CALLED FOR THE QUESTION. The <br />Motion carried unanimously. <br />WEST REGIONAL WASTEWATER TREATMENT PLANT - CHANGE <br />ORDER #3 - J. T. KIRLIN, INC. <br />The Board reviewed the following memo dated 12/19/95: <br />27 <br />JANUARY 9, 1996 <br />BOOK <br />97 plGF 7 <br />I <br />