25-163

SUBJECT: Adoption of a Modified Resolution Authorizing the Previously Approved Homekey+ Grant Application with Up Holdings California, LLC and UP Mercy Village LP and Rescinding Resolution 2025-06 REPORT IN BRIEF Considers adopting a modified resolution due to changes desired by the Housing and Community Development Department (HCD) authorizing the submittal of a joint application for participation in HCD Homekey+ Grant Program with Up Holdings California, LLC and UP Mercy Village LP and Rescinding Resolution 2025-06. RECOMMENDATION City Council - Adopt a motion: A. Rescinding previously approved Resolution 2025-06; and, B. Adopting Resolution 2025-15, a Resolution of the City Council of the City of Merced, California, rescinding Resolution No. 2025-06 and authorizing a Joint Application and Participation in the Homekey Program; the execution of a standard agreement if selected for such funding and any amendments thereto; and any related documents necessary to participate in the Homekey Program; and, C. Authorizing the City Manager to execute the Standard Agreements if selected for such funding and any amendments thereto, and any related documents necessary to participate in the Homekey+ Grant Program

Consent Item Passed Introduced February 20, 2025

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Requested by: Development Services Department
Introduced: February 20, 2025
On agenda: March 3, 2025
Passed: March 3, 2025