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This memorandum outlines the staff recommendation to approve the sale of two properties located at 7800 and 7810 Wisconsin Avenue, Bethesda, to Crescent Acquisitions, LLC for $10,300,000. The sale proceeds will be returned to the Bethesda Park Impact Payment project for expenditure on park acquisitions and developments within the Bethesda Downtown Sector Plan boundary. The document discusses the prior acquisition of these properties for the development of a Civic Green and details the...
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MCPB item 11 refers to a specific section of the Master Control Program Bulletin (MCPB), which typically involves disclosures related to financial data, participant information, or other regulatory requirements mandated by relevant authorities.
Entities that are subject to regulatory compliance within the jurisdiction relevant to the MCPB, such as corporations, financial institutions, or other organizations, are required to file MCPB item 11.
To fill out MCPB item 11, organizations must collect required information as specified in the instructions, complete the form accurately, ensuring all data fields are filled out, and submit it to the appropriate regulatory body before the deadline.
The purpose of MCPB item 11 is to ensure transparency and accountability in reporting crucial financial and operational data to regulators, thereby promoting compliance with existing laws and regulations.
MCPB item 11 typically requires information such as financial statements, details of corporate governance, risk assessments, or other specific data mandated by the regulators.
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