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Letter: Symphony Woods plan would rely on assessment dollars
The new plan for Symphony Woods that includes several buildings and restaurants and aerial walkways looks like it is going to cost CA many tens of millions of dollars. The CA staff is suggesting the board establish a trust to oversee the construction, maintenance and operation of new Symphony Woods development as well as presumably collect the rent from these buildings. This trust is supposed to have a five-member board comprised of the CA president, two CA board members and two non-CA board members.
January 31, 2013