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11/17/2023 11:42:21 PM
 
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Section 5: OPA Board Subject: ROC on OPVFD Msg# 1195301
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That said, OPA is responsible for any short fall suffered by OPVFD.
I don't think the MOU says that. I believe the wording is something like the OPVFD must raise funds from all possible sources and if still short it can request OPA to make up the difference, but the MOU does not mandate it. It is up to a board vote. Do you have a copy of the latest MOU? Maybe my memory is wrong. |
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For reference, the above message is a reply to a message where: Ken: I must disagree based on history. When the OPVFD needed a mortgage to finance the construction and end loan for the North side facility they had no problem obtaining a commitment from Taylor Bank. What surprised me was that was on leased property without our subordination. That said, OPA is responsible for any short fall suffered by OPVFD. Marty |
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