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By mutual agreement between the diocese and the developer, the latest start date for the parking lot development project has been extended until January 31, 2016. The parish Finance Council supported the extension on the condition that the contract be amended to include a performance bond to avoid a situation similar to what occurred with the Stadium Club. That development remained uncompleted for years after construction was started but ran out of funding.
Parishioner and Finance Council member, Alex Olcese, commented that “while several other changes recommended by the Finance Council did not make their way into the final agreement, the inclusion of the performance bond is an improvement in the agreement and was a major concession by the developer. The agreement is still far from perfect but it’s a step in the right direction.”
We will keep you updated as we receive new information.