5.8) Resolution authorizing execution of an Affordable Housing Loan Agreement, an Affordable Housing Regulatory Agreement, a Ground Lease and all other related documents authorized and described in those agreements with Pac Avenue, L.P. and appropriating $5,000,000 in State Local Housing Trust Funds (LHTF) and $1,500,000 in City Affordable Housing Trust Funds for the development loan for the development of the Pacific Avenue Senior Apartments Phase 1. - Livermore, CA

Meeting: City Council - Regular Meeting

Meeting Time: March 24, 2025 at 7:00pm PDT

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Agenda Item

5.8) Resolution authorizing execution of an Affordable Housing Loan Agreement, an Affordable Housing Regulatory Agreement, a Ground Lease and all other related documents authorized and described in those agreements with Pac Avenue, L.P. and appropriating $5,000,000 in State Local Housing Trust Funds (LHTF) and $1,500,000 in City Affordable Housing Trust Funds for the development loan for the development of the Pacific Avenue Senior Apartments Phase 1.

Cover Page 1. Resolution 2. Exhibit A - Loan Agreement 3. Exhibit B - Regulatory Agreement 4. Exhibit C - Ground Lease 5. Exhibit D - City/County Subordination 6. Exhibit E - First Citizen's Subordination 7. Exhibit F - Modification and Subordination 8. Exhibit G - HUD Use Agreement