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6.B. - Page 3 of 46 <br />ALTERNATIVES <br />The City Council could direct staff to attempt to negotiate different terms for the Assignment, <br />Assumption, and Loan Modification Agreement, however such action could jeopardize the ability to <br />refinance the project. <br />ATTACHMENTS <br />Attachment A: Assignment, Assumption, and Loan Modification Agreement <br />Attachment B: Amended and Restated Secured Promissory Note <br />Attachment C: Amended and Restated Deed of Trust, Assignment of Rents, Security Agreement and <br />Fixture Filing <br />REPORT PREPARED BY: <br />Cindy Avila, Housing and Grants Specialist <br />cavila@redwoodcity.org <br />(650) 780.7229 <br />APPROVED BY: <br />Steven Turner, Acting Community Development Director <br />Melissa Stevenson Diaz, City Manager <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />31 <br />