RESOLUTION NO. 2020-058 OF THE CITY OF COUNCIL OF THE CITY OF CHULA VISTA AND NO. 2020-001 OF THE HOUSING AUTHORITY (IN ITS CAPACITY AS THE SUCCESSOR HOUSING ENTITY) APPROVING A LOAN OF UP TO $1,036,425 FOR CONSTRUCTION- RELATED COSTS USING LOW AND MODERATE INCOME FUNDS TO WAKELAND HOUSING AND DEVELOPMENT CORPORATION OR AN AFFILIATED DEVELOPMENT ENTITY FOR A NEW DEVELOPMENT TO BE LOCATED AT 748, 750-752, AND 754-760 ANITA STREET; AND AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO NEGOTIATE A SECOND AMENDMENT TO THE EXISTING LOAN DOCUMENTS TO INCORPORATE THE ADDITIONAL LOW AND MODERATE INCOME HOUSING FUNDS TO THE PROJECT, AND EXECUTE ALL DOCUMENTS RELATED TO THE EXISTING LOAN DOCUMENTS

Committee

City Council

Requested by

Development Services Department

Introduced

February 14, 2020

On agenda

March 17, 2020

Passed

March 17, 2020