I believe the following happens:
All tentative agreements on land purchases become moot almost immediately unless extended by council.
The MOU with Mandalay lasts until Jan of 2013.
Two possible scenarios come to mind here
The deal just goes completely south and in January the MOU is done,
Mandalay announces between now and January that they have magically found private investors willing to take on PART of the risk, OR they find enough to fund all of it privately.
My problem with that is it will cause a backlash of animosity within the community and Mandalays trustworthiness will will disappear (like they every had any but.....).
Unless someone knows something else....
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