Do you agree with the Yampa Valley Housing Authority’s decision to stop making payments on a $2 million loan for its Elk River Village property?

Yes, if the loan is a violation of TABOR. 23 votes

6.65%

Yes, First National Bank of the Rockies should work with the Housing Authority to renegotiate the loan. 19 votes

5.49%

No, the Housing Authority has an obligation to pay. 277 votes

80.06%

I’m not familiar with the topic. 27 votes

7.80%

346 total votes

Comments

Scott Wedel 10 months, 2 weeks ago

How about: 'Yes, the property is not worth enough to continue making payments."

If paying on the loan is truly a violation of TABOR then YVHA clearly must also stop paying Millennium Bank for YVHA's Sierra View lots. It would also appear that YVHA is violating TABOR when making payments on Hillside Apts and Fish Creek Mobile Home park.

And certainly FNBR has no obligation to work with YVHA. FNBR could decide working with YVHA is the better financial option, but there is certainly no obligation.

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