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Neighbor News

PRR: Backup Docs for $2 Mil Transfer to Pardee Homes & K Hov

Both Pardee Homes & K Hovnanian Received $2 Million from City. If that's Not Mitigation Fee Reimbursement, Then What Is It?

The August 15, 2018 Bank Statement shows a $2,155,042.03 Money Transfer to K Hovnanian.

The November 1, 2018 Bank Statement shows a $2,064,645.57 Money Transfer to Pardee Homes.

These two $2 Million money transfers are not from the Bonds, so where did the money come from?

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If the City is not reimbursing Developer Mitigation Fees, when what are they doing?

PRR: All backup documentation to verify/validate the above money transfers.

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