Status of Legislative Policy Division submitting report relative to the Status Report of the Quality of Life Loan Dollars and Related Contracts. (On March 14, 2014, City Council approved post-petition financing (a/k/a “Quality of Life Loan”, “QOLL”) totaling $120 million for the purpose of providing “kick start” monies for reinvestment and restructuring initiatives in the Plan of Adjustment. As part of the bankruptcy process the QOLL will be replaced with Exit Financing upon approval of the Bankruptcy Court. The City Council requested the Legislative Policy Division to provide a status report on the amount of contracts being funded by QOLL dollars.) (BROUGHT BACK AS DIRECTED ON 1-7-15)

What this record is

Amount

$120.0M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

Budget, Finance and Audit Standing Committee

Introduced

September 20, 2016

On agenda

January 21, 2015

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