File #: 240755    Version: 1 Name: Loan Agreement - MEDA Small Properties, LLC - 2901-16th Street - Small Sites Program - Not to Exceed $30,000,000
Type: Resolution Status: Passed
Introduced: 7/9/2024 In control: Clerk of the Board
On agenda: Final action: 8/8/2024
Enactment date: 8/8/2024 Enactment #: 441-24
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute loan documents for the permanent financing of 2901-16th Street pursuant to the Small Sites Program, for a total loan amount not to exceed $30,000,000; confirming the Planning Department’s determination under the California Environmental Quality Act; finding that the loan is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of MOHCD or their designee to make certain modifications to the loan documents, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein.
Sponsors: Mayor, Hillary Ronen, Myrna Melgar, Ahsha Safai
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agrmt, 3. DRAFT Purchase Option Agrmt, 4. DRAFT Deed of Trust, 5. DRAFT Dec of Restrictions, 6. DRAFT Secured Promissory Note, 7. Approved Loan Evaluation 062124, 8. PLN Gen Pln Ref 061024, 9. Form 126, 10. MOHCD Presentation 072424, 11. BLA Rpt 072424, 12. Cmte Pkt 072424, 13. Board Pkt 073024, 14. Form 126 Final, 15. Leg Final
Legislation Details
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