Adopt a resolution: A) Approving an agreement with WeHope under which the County will loan WeHope the principal amount of $1,000,000 with interest to be repaid at the rate of 3.85% per annum, for a term of 15 years, and authorizing and directing the County Executive, or designee(s), to execute and deliver such agreement; and B) Approving the form of a Promissory Note evidencing WeHope’s obligation to repay the loan; and C) Approving the form of a Deed of Trust in favor of the County securing the loan to WeHope, which shall be recorded as a lien against WeHope property; and D) Approving the taking of all necessary actions by the County Executive, or designee(s), in connection with the loan transaction.
What this record is
- Amount
- $1.00M
- Runs until
- June 18, 2040 14 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Real estate
real estate 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
- COUNTY EXECUTIVE
- Requested by
- COUNTY EXECUTIVE
- Introduced
- June 18, 2025
- On agenda
- June 24, 2025
- Passed
- June 24, 2025
- Enacted
- June 24, 2025
- Enactment no.
- Resolution-081299
Where it was heard
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