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24-1874

Authorization to Enter Into a Development Impact Fee Deferral Agreement on Behalf of the City for the Main & Holt Affordable Housing Project It is recommended that the City Council take the following actions: 1) Adopt the following resolution: RESOLUTION NO. 2024-119 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT OF APPROXIMATELY $3,000,000 FOR A 100% AFFORDABLE HOUSING PROJECT ON BEHALF OF THE CITY FOR THE MAIN & HOLT HOUSING PROJECT 2) Authorize the City Manager to execute the Development Impact Fee Deferral Agreement and all necessary associated documents, in substantially the form submitted herein, and authorize non-substantive changes with approval by the City Manager and City Attorney.

Consent Calendar Agenda Ready Introduced October 22, 2024

What this record is

Amount
$3.00M
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 and Housing Authority
Requested by
Administration
Introduced
October 22, 2024
On agenda
November 18, 2024

Where it was heard

City Council and Housing Authority Nov 18, 2024

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