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Cluster · other · no year
Letter of Credit for CST Development Agreement.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2021-10-12 — 2021-10-12
Letter of Credit for CST Development Agreement.
The applicant's attorney recommended approval of the City Attorney approved Letter of Credit for the $690,000 and the $20,000 in engineering escrow requested by the City.
Reasoning: Letter of Credit is a financial guarantee, not a direct city expenditure or revenue.