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6.1. D. - Page 2 <br /> HUD's lending requirements. Revisions are limited to a restatement of the required <br /> bond amount and to the indemnification language. <br /> ALTERNATIVES <br /> Council may choose not to approve the Improvement Agreement, which affects the <br /> developer's arrangement with HUD and would require another funding mechanism. <br /> FISCAL IMPACT <br /> There is no fiscal impact to the city as a result of this action. <br /> ENVIRONMENTAL REVIEW <br /> As the lead agency, the city conducted an environmental review under the California <br /> Environmental Quality Act (CEQA) and a Negative Declaration was filed and certified. <br /> , <br /> �� <br /> S. PETER VORAMETSANTI, PE <br /> CITY ENGINEER <br /> ����� <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> Agreement for Construction of Improvements <br />