IRT:  Gilman Hu

City-financed interest-only loans with liens against the properties.  Sounds great until you realize that the City will need to use taxpayer revenues to pay for the principal costs of installing the sprinkler systems.  It's the taxpayers who will be loaning the funds not the City.  Do we the taxpayers must, should, or want to do this?  The use of OPM, other people's money, is such an easy decision to make.