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A week after city council waived almost $193,000 in building permit and wastewater fees for the Marguerita Residence Corporation, the group is asking city hall for a cost overrun guarantee of up to $750,000.
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“Our expectation is that we won’t be required to draw on it,” Bruce Hynes, chairman of the corporation building an 88-unit seniors’ apartment building on the site of the former St. Vincent de Paul Hospital, said Monday.
A third of the apartments are to be rent-geared-to-income.
Guarantee sought for St Vincent project
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Guarantee sought for St Vincent project
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