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80A - CONSOLIDATED PLAN AND LOAN AGMT FOR VISTA DEL RIO
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03/15/2010
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80A - CONSOLIDATED PLAN AND LOAN AGMT FOR VISTA DEL RIO
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Last modified
1/3/2012 4:10:26 PM
Creation date
3/10/2010 9:48:08 AM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
3/15/2010
Destruction Year
2015
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REQUEST FOR COUNCILI <br /> <br /> AGENCY ACTION <br /> . <br /> MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> MARCH 15, 2010 <br /> TITLE: APPROVED <br /> ? As Recommended ~ <br /> JOINT PUBLIC HEARING -SUBSTANTIAL ? As Amended <br /> AMENDMENT TO CONSOLIDATED PLAN AND LOAN ? Ordinance on 1st Reading <br /> AGREEMENT FOR VISTA DEL RIO ? Ordinance on 2nd Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> Cf <br /> ` G~~,'~ FILE NUMBER <br /> CITY MANAGER EX TIVE RECTOR <br /> RECOMMENDED ACTION <br /> CITY COUNCIL ACTION <br /> 1. Approve the Substantial Amendment to the Consolidated Plan and authorize its submittal to <br /> the U. S. Department of Housing and Urban Development. <br /> 2. Direct the City Attorney to prepare and authorize the Deputy City Manager and Clerk of the <br /> Council to execute a loan agreement and all other related documents with Vista Del Rio <br /> Housing Partners, L.P. for the construction of 41 special needs residences at 1600 W. <br /> Memory Lane in an amount not to exceed $1,500,000, subject to non-substantive changes <br /> approved by the City Manager and City Attorney. <br /> COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> Authorize the Executive Director and Agency Secretary to execute the attached Amendment to the <br /> Disposition and Development Agreement with Vista Del Rio Housing Partners, L.P. <br /> COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br /> At its regular meeting on March 2, 2010, by a vote of 4:0, (Reyes absent), the Community <br /> Redevelopment and Housing Commission recommended that the City Council (a) approve the <br /> Substantial Amendment to the Consolidated Plan and authorize its submittal to the U. S. <br /> Department of Housing and Urban Development. and (b) direct the City Attorney to prepare and <br /> authorize the City Manager to execute a loan agreement with Vista Del Rio Housing Partners, L.P. <br /> for the construction of 41 special needs residences at 1600 W. Memory Lane in an amount not to <br /> exceed $1,500,000, subject to non-substantive changes approved by the City Manager and City <br /> ` 80A-1 <br /> <br />
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