Laserfiche WebLink
Award of Affordable Housing Funds to AMCAL <br />December 20, 2016 <br />Page 4 <br />Conditional Loan Commitment <br />Upon completion of contract covenants, the City may receive In -Lieu Fees totaling $2,600,000 <br />and will be deposited for appropriation in the Inclusionary Housing Fund Inclusionary Housing <br />Fees revenue account (no. 41718002-57896). Upon receipt of funds, an appropriation <br />adjustment will be brought forth to the Mayor and City Council for consideration and subsequent <br />approval. <br />Robert C. Cortgz , <br />Deputy City Ma an ger <br />City Manager's Office <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />a vutierrez <br />xecuuco Director <br />Finance and Management Services Agency <br />Exhibits: 1. Letter from Heritage Village OC, LLC <br />2. Letter from AMCAL <br />3. 1440 East First Street Site Map <br />4. Pre -Commitment Letter <br />5. Conditional Loan Commitment Letter <br />