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City debates loan terms for shelter roof repairs at Franklin Park Circle
City commissioners discuss replacing a 5 percent short term loan with a 15 year loan at 2 percent to fund roof repairs for the shelter at 3701 Franklin Park Circle. Some push for a traditional mortgage while others favor a restricted loan with city consent to mortgage. Staff to draft terms including balloon payment. decision expected Oct 8. Shelter reports progress since moving in 2012 with 147 housed, 61 placed in full-time jobs, and fewer police calls.
MENTIONED IN THIS ARTICLE
Franklin Park Circle
Mike Dever
Mike Amyx
Schumm
Loring Henderson
Shel
Ter
Henderson