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Title:
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Planning - Amend a resolution which authorized the County of Westchester to, inter alia, enter into a loan agreement with Kearney Realty & Development Group Inc., 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 $5,500,000 in loan funds from the County Affordable Housing Investment Fund, also known as the County Housing Flex Fund Program for the purpose of constructing 82 affordable units that will affirmatively further fair housing at 21-23 Park Avenue, Yonkers, New York, in order to modify the length of the loan term to meet the requirements of the permanent lender from 32 years, including a two-year construction period, to 34 years including a four-year construction period.
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