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25-895

MOTION TO APPROVE Subordination Agreement related to the multi-family affordable housing project by H.O.M.E.S., Inc., (“Nonprofit”) in substantially the form of Exhibit 1; authorize the County Administrator to approve and execute the Subordination Agreement and make any required modification to the Subordination Agreement, provided such modifications do not impose any additional material financial risk on the County, and are subject to review and approval as to the legal sufficiency by the Office of the County Attorney; and to authorize the County Administrator or such other person designated by the County Administrator in writing, to execute customary required closing documents for such refinancing, and take the necessary administrative and budgetary actions. (Commission District 4)

Consent Item Agenda Ready Introduced July 15, 2025

What this record is

Held by
H.O.M.E.S., Inc
Runs until
no end date published in this record
Type
amendment

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

Committee
Public Works and Environmental Services - Housing Finance Authority
Requested by
Resilient Environment - Housing Finance Division
Introduced
July 15, 2025
On agenda
August 21, 2025
Passed
August 21, 2025

Where it was heard

County Commission Aug 21, 2025