SUBJECT: Authorization to Approve a Subordination Agreement for the Sunny View Apartments REPORT IN BRIEF Considers authorizing to approve a Subordination Agreement for the Sunny View Apartments. RECOMMENDATION City Council - Adopt a motion: A. Approving the Subordination Agreement presented by Standard Communities for the Sunny View of Merced, LP, a California limited partnership; and, B. Authorizing the City Manager to make any minor changes to the agreement should any edits be necessary, subject to the agreement being approved as to form by the City Attorney; and, C. Authorizing the City Manager to execute all necessary documents.

What this record is

Held by

Standard Communities for the Sunny View of Merced, LP

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council/Public Finance and Economic Development Authority/Parking Authority

Requested by

Development Services Department

Introduced

September 18, 2024

On agenda

October 7, 2024

Passed

October 7, 2024

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority Oct 7, 2024 approved Pass

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