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Loan Agreements with AMCAL Multi- Housing, Inc. and Appropriation Adjustments <br />February 7, 2017 <br />Page 4 <br />Approval of the appropriation adjustment will recognize $6,195,000 in the Low and Moderate <br />Income Housing Asset Fund's revenue account (no. 60718002 - 50001) and increase the Loan and <br />Grants expenditure account no. (60718830- 69152) by the same amount in the FY 2016 -17 budget. <br />The $6,195,000 loan amount will be encumbered in FY 2016 -17, but anticipated expenditure will <br />most likely occur in FY 2017 -18. <br />Robert C CoAerz - --- <br />Deputy City Manager <br />City Manager's Office <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez (� <br />Executive Director <br />Finance and Management Services Agency <br />Exhibits: 1. 1440 East First Street Site Map <br />2. Inclusionary Housing Funds Loan Agreement <br />3. Housing Successor Agency Funds Loan Agreement <br />FORM <br />