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6.A. - Page 3 of 66 <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City could deny the loan assumption and subordination request, however, this would jeopardize the <br />project financing necessary to complete the rebuild of these affordable housing units. <br />ATTACHMENTS <br />Attachment A — Resolution approving a loan assumption to support affordable housing <br />Attachment B —Assignment and Assumption Agreement <br />Attachment C — First Amendment to Declaration of Affordability Covenants <br />Attachment D — First Amendment to Deed of Trust with Assignment of Rents <br />Attachment E — First Amendment to Owner Participation Agreement <br />Attachment F — First Amendment to Promissory Note <br />Attachment G — Subordination Agreement <br />REPORT PREPARED BY: <br />Alin Lancaster, Housing Leadership Manager <br />alancaster@redwoodcity.org <br />(650) 780-7299 <br />APPROVED BY: <br />Alex Khojikian, Assistant City Manager <br />Melissa Stevenson Diaz, City Manager <br />Page 3 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />157 <br />