Quote:
Originally Posted by Resolute 14
One story I saw - iirc, the one Vulcan posted not long ago - pegged interest and principal on the outstanding balance at $500 million over those same 20 years if the city can't pay it down faster. And then there are upkeep and maintenance costs on top.
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That's what it says on Page 1 of the draft lease:
E. The City has found and determined that the entering into of this Agreement by the City is part of the City’s endeavor to mitigate the more than $500 million in future damages to the City caused by the termination of the Former AMULA by the Debtors.
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Turn up the good, turn down the suck!
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