Measure K: Adopt a resolution: A) Authorizing the form of and directing the execution by the Director of the Department of Housing, or designee, of an agreement to provide a forgivable loan (the “Loan”) in the principal amount of $900,000 to Peninsula Open Space Trust and Fifth Crow Farm to finance the purchase and installation of four new mobile home units to serve as farm labor housing in Pescadero pursuant to the County of San Mateo Farm Labor Housing Loan Program; and B) Authorizing the form of a Promissory Note in connection with the Loan; and C) Authorizing the form of a Deed of Trust to secure the Loan; and D) Authorizing the form of an Affordability Covenant to ensure affordability restrictions on the property for 20 years; and E) Authorizing and approving the taking of all necessary actions by the Director of the Department of Housing, or designee, in consultation with the County Attorney, to facilitate the closing of the transaction described herein and to give effect to this Resolution, including to execute and deliver any and all documents and certificates and to make nonmaterial changes to the forms approved herein deemed necessary or advisable to effectuate the purposes of this Resolution and the transaction contemplated hereby.
What this record is
- Amount
- $900K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
professional services contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- HOUSING
- Requested by
- HOUSING
- Introduced
- August 27, 2024
- On agenda
- September 24, 2024
- Enactment no.
- Resolution No. 080666
Where it was heard
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