24-388
MOTION TO APPROVE Consent to Change of Ownership Structures (“Consent”), in substantially the form attached as Exhibit 2, to allow Douglas Gardens IV, LTD. (“Borrower”) to change ownership structures of certain entities in connection with Douglas Gardens IV affordable housing project (“Project”); and to authorize the County Administrator to negotiate and execute the Consent, an amendment to the guaranty documents related to the Project, and other documents related to the Consent, that do not impose any additional, material financial impact on the County, subject to review and approval as to legal sufficiency by the Office of the County Attorney. (Commission District 7)
- Committee
- Public Works and Environmental Services - Housing Finance Authority
- Introduced
- March 12, 2024
- On agenda
- April 16, 2024
- Passed
- April 16, 2024
Where it was heard
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