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Res17 15591
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Res17 15591
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Last modified
10/11/2019 7:56:24 AM
Creation date
10/11/2019 7:56:24 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/12/2017
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING FORGIVENESS OF TWO LOANS FOR A TOTAL OF $507, 000 IN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS MADE TO MID -PENINSULA COALITION BELLE HAVEN, INC. AND MIDPEN HOUSING CORPORATION AND AUTHORIZING THE CITY MANAGER OR DESIGNEE TO EXECUTE AGREEMENTS AND RELATED DOCUMENTS NECESSARY TO COMPLETE THE LOAN FORGIVENESS AND THE TRANSFER OF THE PROPERTY AND RELATED TRANSITIONAL HOUSING FACILITY AT 110 LOCUST STREET FROM MID -PENINSULA COALITION BELLE HAVEN, INC. TO LIFEMOVES
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06/12/2017 <br />3. The City Council hereby authorizes the City Manager to execute each of <br />the Affordability Agreement, the Reconveyances, the MidPen Right to Repurchase, and <br />the County Right to Purchase. <br />4. The City Council further authorizes the City Manager to execute any other <br />documents and take any and all actions necessary to effectuate the forgiveness of the <br />Loans and/or the Property Transfer. <br />5. This Resolution shall be effective upon the date of its adoption. <br />Page 5 of 5 <br />REV: 06-06-17 JS RESO. NO. 15591 <br />ATTY/RESO.0051/CC RESO REDWOOD FAMILY HOUSE TRANSITIONAL HOUSING LOAN FORGIVENESS MUFF N0. 454 <br />
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