County of Westchester - File #: 111271

• File #: 111271
• Type: Resolution
• Status: Consent Agenda
• File created: 6/9/2025
• Meeting Body: Board of Acquisition and Contract
• On agenda: 6/12/2025
• Title: Planning - Amend a 5/29/25 Resolution to enter into a loan agreement with Verus Development LLC, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction, in an amount not to exceed $5,250,000 in loan funds from the County Housing Flex Fund ("HFF") Program ("HFF Loan"), is hereby amended in order to change the length of the construction loan term to meet the requirements of the construction lender from a 33 month construction period to a 35 month construction period with the entire loan maturing from 3/30/63 - 5/31/63.

Date	Action By	Action	Result
		approved	Pass

title

Planning - Amend a 5/29/25 Resolution to enter into a loan agreement with Verus Development LLC, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction, in an amount not to exceed $5,250,000 in loan funds from the County Housing Flex Fund (“HFF”) Program (“HFF Loan”), is hereby amended in order to change the length of the construction loan term to meet the requirements of the construction lender from a 33 month construction period to a 35 month construction period with the entire loan maturing from 3/30/63 - 5/31/63.

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B. Lopez