Increase housing development loan by $91,000 and extend repayment deadline

MiraFlores HousingContractsResolution

$91,000 increase, $940,000 total

Resolution 31-08

In Plain English

The city previously loaned money to help develop MiraFlores Housing Development. The developer now needs an additional $91,000 and more time to repay the loan. If approved, the total city loan reaches $940,000 with a new repayment schedule.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

8 to 0

BBLMMRSTV

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

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