RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO APPROVING AND AUTHORIZING THE EXECUTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT WITH NOVIN DEVELOPMENT CORPORATION FOR THE SALE AND DEVELOPMENT OF THE PROPERTY LOCATED AT 1820 RUMRILL BLVD TO PROVIDE AFFORDABLE HOUSING; AND AUTHORIZING A PURCHASE MONEY NOTE OF $935,250 FOR THE FAIR MARKET VALUE OF THE LAND AND A $1,000,000 LOAN FROM LOW-AND MODERATE-INCOME HOUSING ASSET FUNDS.

What this record is

Amount

$1.00M

Runs until

no end date published in this record

Type

purchase

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Introduced

March 8, 2022

On agenda

April 4, 2022

Passed

April 5, 2022

Enactment no.

RES 2022-054