The Commercial Revolving Loan Program oversight committee on Wednesday morning voted to begin exploring what the city can do to recoup more than
City staffers said, during an hour-long public discussion about questions surrounding the handling of the loan by Councilwoman
But the city has written off
"So we're going to get an appraisal to see if it's worth going after the property," Herbert said.
Senior assistant city manager
Council voted 6-0 to open the discussion to the public even though the meeting was scheduled to be held behind closed doors because it involves a potential legal matter. Devine did not attend. She said Tuesday she had a previously set out-of-state conference to attend.
Council not only opened the meeting but agreed to disclose pages of documents about the loan as well as city attorney
By not having a mortgage filed, the city lost its ability to get money from the Washingtons when they filed for bankruptcy, Gaines and a private lawyer the city hired have said.
Council cast no votes and made no decisions about whether to refer Devine's handling of the loan to the
Devine said she has been a real estate attorney for 12 years. She was a member of
The first loan, which covered most of the price, was from a bank, and the mortgage was properly filed, officials said. The city loan that used
Devine acknowledged Tuesday to The State newspaper that she made a mistake in her handling of both loans. But the mistake was failing to get mortgage documents notarized.
She said that a security agreement she filed was tantamount to a mortgage. Devine also said that the city is not handling this kind of a misstep normally, including not contacting her directly for explanations. Further, she blames Councilman
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