|
. .
<br /> ___„„:„,,,::___ ___,„,„,,,„ ___ . : .,,, , _ _______ _ __
<br /> , __ __„,,,,,,,,„„ „,;_„,„_,____ ,,,, ,,.., , „ . ,, _:______ _ __:,i,,,,,,,,,„
<br /> , , . _ ._.. _.._ =:,„„,,,,„
<br /> ,,.. . „_
<br /> ,:,_,_,_
<br /> ::__ _
<br /> --,__-__
<br /> -< Option Fou_:_,,,_____r : Do Nothing � ;-;-:-----
<br /> ,, :„-
<br /> -- ---___
<br /> -- __-- __ -
<br /> • The City's right to terminate relationship
<br /> becomes effective once Touchstone misses the
<br /> October 31 deadline . The right to terminate stays
<br /> effective until Touchstone completes its financing
<br /> and begins construction .
<br /> • City could just wait and see, and exercise right to
<br /> terminate later if there is no progress
<br /> • Not a recommended option : ( 1) it would bean
<br /> extension for free and (2) it creates uncertainty,
<br /> which may hurt Touchstone's ability to get
<br /> financing
<br />
|