Title:
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RESOLUTION - RESCINDING RESOLUTION NO 1739 AND ADOPTING A REVISED RESOLUTION TO CONSISTENTLY REPRESENT THE CONDITIONAL COMMITMENT OF LOAN FUNDS AS $2,220,000 TO PEP HOUSING FOR VIGIL LIGHT APARTMENTS
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by two resolutions, 1) rescind Resolution No. 1739 which approved a conditional commitment of loan funds in the amount of $2,220,000 for Vigil Light Apartments; and 2) adopt a new resolution to replace Resolution No. 1739 to consistently represent the award as $2,220,000 to PEP Housing for Vigil Light Apartments.
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