City Manager wants $360,000 loan to repair his home
Original post made by old timer on Dec 13, 2013
Negotiated by ex-Mayor Ohtaki and City Attorney McClure, it will come before Council on the Consent calendar (Item D7, next Tuesday).
Absolutely outrageous in my opinion.
on Dec 14, 2013 at 11:23 am
Excuuuse me! The city should not be in the banking business. This is an unnecessary perk for a highly paid city employee who has other options. This is a really bad precedent.
on Dec 14, 2013 at 8:06 pm
If the City has a financial stake in the home, I can see the city making a loan with reasonable terms for both parties. If this is a privately owned home, why can't he get a loan from a bank or credit union? The city got burned in their BMR subsidy not to long ago, why they even offer loans is a mystery to me.