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File #: 170561    Version: Name: Grant Agreement - Hotel Essex, L.P. - Local Operating Subsidy Program Contract - Hotel Essex, 684 Ellis Street - Not to Exceed $18,623,354
Type: Resolution Status: Passed
Introduced: 5/9/2017 In control: Clerk of the Board
On agenda: Final action: 6/15/2017
Enactment date: 6/15/2017 Enactment #: 234-17
Title: Resolution authorizing the Director of the Mayor’s Office of Housing and Community Development to execute a Local Operating Subsidy Program Grant Agreement with Hotel Essex, L.P., a California limited partnership, to provide operating subsidies for formerly homeless adults at Hotel Essex, 684 Ellis Street, for total a term of 15 years and six months, starting July 1, 2017, and ending December 31, 2032, in an amount not to exceed $18,623,354.
Sponsors: Mayor, Jane Kim
Attachments: 1. Leg Ver1, 2. DRAFT Grant Agrmt, 3. Loan Committee Evaluation 030317, 4. Form 126, 5. Comm Pkt 052517, 6. Leg Ver2, 7. Board Pkt 060617, 8. Leg Final, 9. Executed Grant Agrmt 070117
Legislation Details
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