Remarks by Steven E. O’Halloran
10 remarks on the record, newest first · Page 1 of 1
I wondered, for the record, if we could disclose the repayment amount and the interest rate. We're going to borrow $6 million, and I don't see anything about the cost of the money.
Council Haller? Just for the record, the notes say to borrow six million, the loan of which a portion is expected to be forgiven and the balance repaid. Where are we getting the 2.1 million and where? Is there any guarantees to this or is this just hope and wish?
Why isn't that info in here? That's my question.
How does that relate to the amount you gave out in that same period?
Second question is, there's a mileage rate in here. Explain that to me. What is the circumstance that the city is paying somebody for mileage that wants general assistance?
Is this discussion something that is going to be paved this fall? Next spring. Next spring.
But if I could interject about that, something come in at 480. Shouldn't we enjoy that process and not get ahead of ourselves here? And further than that, this is 700 and change.
Let's put it this way. It's more than the original quote. Your change order exceeds the amount that was agreed upon.
Why would not we put this out to bid? What's the hurry to award this without going through the proper channels?
So, again, this didn't go out to bid. It's just handing out contracts.