Roosevelt Point/Concord Eastridge Downtown Phoenix Apartments

[bwonger06]

Anyone know how to look up variances?

Roosevelt Gateway (Loans 856605 and 859205)
A Sale Agreement of these lands in downtown Phoenix has been signed by the ML Manager LLC for the sales price of $3,085,138. The buyer has deposited $200,000 into escrow. The
buyer is seeking two variances from the City of Phoenix relating to their proposed development and it is anticipated that the variances will be granted. It was necessary to extend the closing date in order to allow time to obtain the zoning variances and the closing date is now scheduled for April 22, 2011. The sale was overwhelmingly approved by the vote by members of RG I Loan LLC and RG II Loan LLC and was approved by the Bankruptcy Court.