Subject: EBALDC Property Sale/Loan Forgiveness From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator To Forgive $3,000,000 In Outstanding Principal And $661,042 In Accrued Interest Owed By East Bay Highland Palms II, LP For The Highland Palms Property, And $5,000,000 In Outstanding Principal And $1,094,490 In Accrued Interest Owed By East Bay Capital Fund II, LP For The Eastlake Property, To Preserve Long-Term Affordability Until 2073 And Facilitate The Property Sale To A New Owner

Committee

*Community & Economic Development Committee

Introduced

October 13, 2025

On agenda

October 28, 2025

Where it was heard

*Rules & Legislation Committee Oct 30, 2025 Withdrawn with No New Date *Community & Economic Development Committee Oct 28, 2025 Withdrawn with No New Date *Rules & Legislation Committee Oct 16, 2025 Scheduled

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