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RESOLUTION - APPROVING A CLERICAL CORRECTION TO RESOLUTION 1739, CONDITIONAL FUNDING COMMITMENT TO PEP HOUSING FOR VIGIL LIGHT APARTMENTS - CONTINUED FROM THE AUGUST 22, 2022, REGULAR MEETING
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 revised resolution to replace Resolution No. 1739 to consistently represent the conditional commitment of loan funds as $2,220,000 to PEP Housing for Vigil Light Apartments.
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