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Title:
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Recommendation to
1. Approve the transfer of ownership of Sara's Apartments from Mental Health America of Los Angeles to Thockmorton Partners, LLC;
2. Authorize the President to terminate the existing Regulatory Agreement with Mental Health America of Los Angeles and negotiate a new Affordable Housing Regulatory Agreement with Thockmorton Partners, LLC; and,
3. Authorize the President to execute any and all documents necessary to implement the transfer and modify the regulatory covenants.
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