County Commissioner Tim Boyd said he plans to push forward with a resolution to use some of the county hotel/motel tax proceeds for tourism-related projects instead of sending the projected $8.2 ...
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CVB subsequently made an additional $10 million loan to Garrett, secured by an interest in rent in fifteen properties. When the new loan closed, Garrett was ninety days delinquent on its loan payments ...
CVB nonetheless represented in 2009 and 2010 filings with the Securities and Exchange Commission (“SEC”) that there was no basis for “serious doubt” about Garrett’s ability to repay its borrowings. In ...