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Page 3 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <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 Council could choose to do one of the following: <br />1. Require Service League to repay the City’s loan immediately; <br />2. Defer the loan for an additional period of time and allow the loan to continue to accumulate interest; <br />or <br />3. Fully amortize the loan and amend the maturity date with the City receiving monthly principal and <br />interest payments <br />ATTACHMENTS <br />Attachment A – Substitution of Trustee and Full Reconveyance <br />REPORT PREPARED BY: <br />Alin Lancaster, Housing Leadership Manager <br />alancaster@redwoodcity.org <br />(650) 780-7299 <br />APPROVED BY: <br />Patrick Heisinger, Assistant City Manager <br />Melissa Stevenson Diaz, City Manager <br />6.B. - Page 3 of 7 <br />14