Legislation Details

File #: 10-1079    Version: 1 Name: A Safe Place Project Change
Type: commission action item Status: Passed
File created: In control: Housing and Community Development Commission
On agenda: Final action: 10/27/2010
Title: Change in Project - A Safe Place
Attachments: 1. A Safe Place Staff Memo, 2. A Safe Place II LP Amortization Schedule, 3. Letter from A Safe Place

Title

Change in Project - A Safe Place

 

Staff Summary

•                     A Safe Place has requested to amend some details of its 2009 project.

•                     The initial terms of the agreement were under conditions that have since changed.

•                     The request is to amend the Loan Terms to 0% Interest Loan with $0 annual payments for 20 years, and to receive approvals for document execution in time for October 29 closing.

•                     The attached information explains the changes, and staff and representatives from A Safe Place will be present to answer questions.