RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute a first amendment to the Amended and Restated Predevelopment Loan Agreement with the Community Housing Development Corporation of North Richmond, to increase the principal amount of the loan by $152,500 to a new loan amount of $436,200 for predevelopment activities related to the Heritage Point project.
FISCAL IMPACT:
No General Funds are being used to make this loan. The loan is being made with funds available to the County in its capacity as the Housing Successor Agency to the former Contra Costa County Redevelopment Agency.
BACKGROUND:
Predevelopment Loan Agreement
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