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a~~tk~ e~~d cdevclaptr~el~t ;'a~~~~~~~ss~o~~ <br />Re~chedr~~ed Re~~~a~• ~eetY~ -a~~e~~~l~er ~, ~~~~7 <br /> <br />~, ~ou~as o~ ~ca~~o.~c ~e~~l~pe~at Are <br />E Y ~ 'V 'V ~~ t ~ ~ II Wf wr a 1~ 4 <br />fir. e~ka~~~~~ asked ha eye ~ alit there <br />ca~~~~der~n de~e~apn~e~~t? Is there a~~yone <br />else`:' fir. petersa~~ re~pa~.ded t~~ere ~~ na ane <br />ee ~~o ~~a~~~d p~~t ~:ip , ~~a~-antee ~o~~ tlae <br />1-aad. e created t~~.e develQp~~~.c~t ~~~-e~~ tc~ <br />p~-o~~.de f~~~~c,~.i ~~ fay- the ~aad to cnha~~ce <br />~olladay's de~eapn~ent. ~~e ~a~~~ld <br />~ar~naly apt far taxes to co1~~e rn ~1-a~~~ tl~e <br />er7~arial de~fela~~l~~~~t t~ pro~r~.de a ~t~~blc <br />aurce of ~`i~~~d~~~. ~a~lada.y asked ~f e <br />ca~~ld da tl~e read ca~-11er, and e said ar~~- <br />o~~ly pral~le~~~ ~~~o~~ld be ~ec~~r qty. r.~,l~ey <br />p~~o~~~~sed to p.z~ovidc sec~~r~ty to het tl~e deal <br />~~orked o~~t. ~a they ee~~~ to be back~n <br />a~,~t a~tl~e dc~elap.~~~c~~t. <br />11~Ir. l~~ ~~oted tl~t i~~ read~r~ the <br />a~reen~ e~~ t, l.~ c ~vasn't cl ear ~vl~at reco«rse tl~e <br />an~m~ssio~~ had i~ Holladay did~~'t da .~ <br />of deve~ap~~~e~~t. ~1~r, ~'eteron repo~~d~d that <br />~alladay ~~~ ~~ara~~tee~n tl~c city debt. <br />There are tea debts: a band issue ~l~~cl~ their <br />current l~~~ild~~~~ hay e~~augh T~~ re~e~~~te to <br />~~~eet the oblz~at~an an~ ~t~ b~.~~~t anal <br />a~e~ed. c ~rerc v~i~l~n to take that as <br />sec~~rlty ail the bald. ghat I~alladay era <br />do~~ was f~~nd~ ~~ a fetter of ~red~t ~'ar the <br />band debt service reserve of ~ ~ a,aaa. e <br />mere taki~~~ tl~e rest a~ tl~e risk, ~ay~~ ~v~.tl~. <br />the T~F rcvelue~ pray ected to came ~n and <br />the ~ ~ a,00~ fetter a~' red~t there to be <br />dr~~~n an, ~~e ca.n. tale that r~~k. Tl~en, the <br />city l~a~ loaned itself the ~ ~rnm .a~or <br />laves, Ho~lada.y ~.~ «aranteelr~g that <br />repayment u~~tl~ they da developme~~t, Tl~e <br />rationale is, ~f they do develop~~~ent, that <br />4 <br />