Title
Appropriation of CDBG Funds for Paulson Park I and Monte Vista Terrace Affordable Housing Projects
Recommended Action
Adopt A Resolution of the City Council of the City of Mountain View (1) Appropriating $968,476 from the Community Development Block Grant (CDBG) Subfund to the Paulson Park I Roof Replacement Project; (2) Appropriating $1,364,324 from the CDBG Subfund to the Monte Vista Terrace Roof Replacement and Elevator Modernization Project; and (3) Authorizing the City Manager or Designee to Negotiate and Execute the Loan Agreement(s), Affordable Housing Regulatory Agreement(s), and Related Documents with MidPen Housing; and (4) Authorizing the City Manager to Negotiate and Execute Amendments to these Agreements without Returning to Council, to be read in title only, further reading waived (Attachment 1 to Council Report).