Long Beach, CA
File #: 12-017HC    Version: 1 Name:
Type: HC-Agenda Item Status: Approved
File created: 10/23/2012 In control: The Long Beach Housing Development Company
On agenda: Final action: 11/7/2012
Title: Recommendation to waive the LBHDC's option to exercise its Right of First Refusal to purchase the property located at 3113 Atlantic, Unit 14; forgive any portion of the outstanding loan balance not received from the proceeds of the sale of the property; and, authorize the President or designee to sign any documents necessary to complete the transaction.
Attachments: 1. Staff Report 3113 Atlantic.pdf
TITLE
Recommendation to waive the LBHDC's option to exercise its Right of First Refusal to purchase the property located at 3113 Atlantic, Unit 14; forgive any portion of the outstanding loan balance not received from the proceeds of the sale of the property; and, authorize the President or designee to sign any documents necessary to complete the transaction.
 
SUGGESTED ACTION
Approve recommendation.