CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – A mistake on an agenda item involving the authorization of the Charlottesville Redevelopment and Housing Authority (CRHA) to issue tax-exempt bonds for Phase 3 of the Kindlewood rebuild has necessitated a special meeting of the council on Monday.
This past Monday night, Council was charged with considering authorizing CRHA to issue up to $4.3 million in tax exempt revenue bonds to fund 85 affordable housing units in the next phase of the large, four-phase Kindlewood project.
“It has been brought to our attention that the dollar figure that is posted in this agenda item needs to be updated,” Deputy City Attorney for Operations James Freas told Council. “So, what we ask for this evening is, we remove this item from your agenda and then we will bring it back at a future meeting and repost it with the correct dollar figure.”…