3.I 25-1116 Action to Authorize the City Manager to Amend the City Loan Terms for the Belovida Apartments to Enable the County to Structure a Hard Loan to Replace the Current Bank Loan to Stabilize the Project and to Increase the City loan by up to $90,000 to Cover the Gap in Repair Costs and Approve the Related Budget Amendment - City of Santa Clara

Meeting: Council and Authorities Concurrent Meeting on 2025-01-28 5:30 PM

Meeting Time: January 28, 2025 at 5:30pm PST

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Agenda Item

3.I 25-1116 Action to Authorize the City Manager to Amend the City Loan Terms for the Belovida Apartments to Enable the County to Structure a Hard Loan to Replace the Current Bank Loan to Stabilize the Project and to Increase the City loan by up to $90,000 to Cover the Gap in Repair Costs and Approve the Related Budget Amendment

Legislation Text City Loan Amendment Term Sheet