1 Vernice Hankins
From: Ellen Hannan <[email protected]>
Sent: Thursday, September 22, 2022 4:33 PM
To: councilmtgitems; David Martin; David White
Subject: Item 12 A on September 27, 2022 City Council Agenda
EXTERNAL
The issue of bonds to a private developer will cost the city tax. The issue fee will be paid by the City and the amount is not quoted here. Since we are in a financial squeeze I suggest you postpone this vote.
There is no guarantee that this building will be 100% affordable. There will be a large area of commerce space.
I would suggest you postpone this vote and require more concrete information from this large developher.
Ellen Hannan
1218 9th St #6
Santa Monica CA 90401
Speptem 22, 2022
Item 12.A
09/27/22
Item 12.A
09/27/22