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File #: 110132   
Type: Resolution Status: Consent Agenda
File created: 12/16/2024 Meeting Body: Board of Acquisition and Contract
On agenda: 12/19/2024 Final action:
Title: Planning - Enter into a loan agreement with MacQuesten Development LLC, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction (the "Developer"), whereby the County will loan the Developer an amount not to exceed $9,000,000 in loan funds from the County Affordable Housing Investment Fund, also known as the County Housing Flex Fund Program, is hereby amended in order to change the method of interest calculation on the loan from compounded annually to simple interest.
Attachments: 1. RESA110132.pdf
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Planning - Enter into a loan agreement with MacQuesten Development LLC, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction (the “Developer”), whereby the County will loan the Developer an amount not to exceed $9,000,000 in loan funds from the County Affordable Housing Investment Fund, also known as the County Housing Flex Fund Program, is hereby amended in order to change the method of interest calculation on the loan from compounded annually to simple interest.

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B. Lopez