Oh, all right. I just haven't been in the mood to post about this but here it is anyway:
Council Bill 2007-301 will extend the MDFB loan on the Heer's building to cover the time frame it'll take for the Heer's building sale to close, actually beyond that time frame.
It still doesn't explain how the sale of $3 million is going to cover a loan of $3,100,000, the almost $260,000 set aside from the general fund back in June and the additional $26,000 the city is going to ask the council to approve to amend the budget to cover additional interest tomorrow night*...but hey, the Springfield News-Leader said the city is going to net $3 million on the Heer's deal so whadda I know?
*Geesh, I meant Monday night, the 24th