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CAMT appeared to be pointing the finger at the developer they chose, United Properties, by telling Loveland’s City Council that United Properties never understood the “vision” of CAMT for the ACE Project.
The expectation communicated to developers was that each bidder would provide CAMT 10% of gross on all leases at the park.
Another rub was the demand by CAMT that they eventually own the property after it is renovated by United Properties.
Speaking off the record, a source familiar with the discussions said that CAMT's expectations of both a revenue stream and ownership are "preposterous" given the fact they have no money to contribute.
In other words, nobody will finance the some ,000,000 United Properties believes is required to renovate the old Agilent campus unless sizable tenants with good credit can be identified.
As one source close to the negotiations told Loveland Politics, “.”The negotiations broke down when United Properties informed the City of Loveland and CAMT the only way they could go forward was to have the City of Loveland carry or facilitate the ,000,000 renovation costs.
(See list to the right of developers interested in the project)Councilman Daryle Klassen told his colleagues that a wise old friend once told him there are only two reasons to have a partner, “"Thorndike launched into a long response that didn't directly answer his question.
She talked about grants that were applied for, potentially interested tenants and spoke around various models CAMT considered for the project. This list features Scott Baio's ex-girlfriends along with additional information about them, such as when they were born and what their profession is.It's not hard to get jealous of these women that Scott Baio has gone out with, so try your hardest to contain your envy.Mayor Gutierrez added he didn't want to make any definitive statement about the project until the other six developers who bid before United Properties was selected also tell the city whether it can be developed.Loveland City Manager Bill Cahill, trying to push the discussion to a conclusion, put up a view graph with questions for the City Council up on a screen and dimmed the lights.This indeed was an issue for both the city chosen developers and United Properties.