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Please allow me to correct a statement that I made in my interview with the Reporter as published in the Oct. 14 edition, and a similar statement at the voters’ forum on the evening of Oct. 14.
Regarding the PEAK funding issue, my description of the modification requested as to “co-sign a mortgage” is not a fully accurate characterization of what is being proposed. From the data available to date, what the district is being asked to do in the event of loan default by the Boys & Girls Club, is to allow US Bank to assign the Boys & Girls Club’s “Leasehold Interest” to another organization.
That organization would be required to “continue to operate [the center] as a local youth development center” and “that any fees be similar to those of [other similar centers].” The district owns the land, and the land is not at risk in the event of a default by the Boys & Girls Club, nor is the district required to pay the obligations of the Boys & Girls Club.