SUBJECT: Direction to Staff Regarding Valley Children’s Hospital’s Request for Approval for a Second Amended and Restated Grant Deed Continued from the City Council Meeting of August 19, 2024 REPORT IN BRIEF Valley Children’s Hospital (VCH) is requesting approval of Second Amended and Restated Grant Deed with changes to the terms related to Covenant to Construct and Repurchase Price. RECOMMENDATION City Council - A. Provide Direction to Staff Regarding the Extended Time Request for the Covenant to Construct, and the Amended Language to the Exercise to Repurchase Option and Repurchase Price Terms Contained in the Second Amended and Restated Grant Deed; and, B. Provide Direction to Staff Concerning Recording the Proposed Second Amended and Restated Grant Deed with the Merced County Recorder’s Office.

Action Items Agenda Ready Introduced September 8, 2024

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: September 8, 2024
On agenda: September 16, 2024
Passed: September 16, 2024

Where it was heard