Long Beach, CA
File #: 17-004CI    Version: 1 Name: Habitat for Humanity - Henderson Avenue
Type: CI-Agenda Item Status: Approved
File created: 1/10/2017 In control: The Long Beach Community Investment Company
On agenda: 1/18/2017 Final action: 1/18/2017
Title: Recommendation to 1. Authorize the President or designee to negotiate and enter into a Disposition and Development Agreement for the conveyance of the properties at 1950-1960 Henderson Avenue to Habitat for Humanity Greater Los Angeles; 2. Approve a loan in the amount of $382,000 to Habitat for Humanity Greater Los Angeles to provide gap financing for the development of the properties at 1950-1960 Henderson Avenue; and 3. Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreements.
Attachments: 1. Henderson Memo.pdf, 2. Henderson Attachment A.pdf, 3. Henderson Attachment B.pdf, 4. Henderson Attachment C.pdf, 5. Henderson Attachment D.pdf

TITLE

Recommendation to

 

1. Authorize the President or designee to negotiate and enter into a Disposition and Development Agreement for the conveyance of the properties at 1950-1960 Henderson Avenue to Habitat for Humanity Greater Los Angeles;

 

2. Approve a loan in the amount of $382,000 to Habitat for Humanity Greater Los Angeles to provide gap financing for the development of the properties at 1950-1960 Henderson Avenue; and

 

3. Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreements.

 

SUGGESTED ACTION

Approve recommendation.