MOTION TO REFER - Pending Loan Renewal Request-Marietta Redevelopment Corporation (MRC) Motion to refer the following agenda item to the October 30, 2013 Economic/Community Development Committee - "Motion to consider request from Marietta Redevelopment Corporation related to the renewal of the Marietta Redevelopment Corporation loan with Bank of North Georgia. The Bank of North Georgia has requested that the City of Marietta “provide and interest reserve sufficient to carry the (MRC) loan for the entire loan (18 months). The discussion may include issues related to a possible Forbearance Agreement among the City of Marietta, Marietta Redevelopment Corporation and Bank of North Georgia. The discussion could also include consideration of the purchase of certain real property owned by the Marietta Redevelopment Corporation by the City of Marietta and issues related to the road right of way for the Marietta Redevelopment Corporation property adjacent to Powder Springs Street. This item was requested by Mayor Tumlin." Philip Goldstein owns stock individually as well as jointly in Synovis. Said company is the parent of Bank of North Ga. If all stock in Synovis (as of the 7-1-2013 investment statement) owned individually or jointly were sold, the amount attributable to me from my ownership portion would be approximately $3,964.93 based on the stock price when checked on 10-8-2013. While it is under the reporting requirement, I elect to not participate on this issue at this time and abstain on any action relating to this issue.

What this record is

Held by

Marietta Redevelopment Corporation 8 records across this site

Amount

$4K

Runs until

no end date published in this record

Type

amendment

Field

Real estate

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Marietta Redevelopment Corporation also holds

Forbearance Agreement Motion or motions related to any other matter or matters regarding the Forbearance Agreement among the City of Marietta, the Ban… Marietta, GA Forbearance Agreement Motion to approve Forbearance Agreement among the Marietta Redevelopment Corporation, the Bank of North Georgia and the City of … Marietta, GA Loan from City of Marietta to MRC Motion to approve loan from the City of Marietta to the Marietta Redevelopment Corporation consistent with the terms… Marietta, GA Marietta Redevelopment Corporation (MRC) Loan Motion to approve loan from the City of Marietta to the Marietta Redevelopment Corporation consistent wi… Marietta, GA Marietta Redevelopment Corporation (MRC) Loan Motion to approve loan from the City of Marietta to the Marietta Redevelopment Corporation consistent wi… Marietta, GA

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Committee

ECONOMIC/COMMUNITY DEVELOPMENT COMMITTEE

Introduced

October 2, 2013