File #: 22-0576    Version: 1 Name:
Type: MOTION Status: Agenda Ready
File created: 6/2/2022 In control: Community Redevelopment Agency
On agenda: 7/5/2022 Final action: 7/5/2022
Title: Motion Approving a Satisfaction of Mortgage Securing a Forgivable Loan Under the Property and Business Investment Improvement Program Agreement and the Non-Residential Façade Improvement Agreement for Sandbox LLC in Exchange for a Prorated Payment of $51,000 and Delegate Authority to the Executive Director to Take Certain Actions - (Commission Districts 2 and 3)
Sponsors: COMMUNITY REDEVELOPMENT AGENCY BOARD
Attachments: 1. CRA Board Memo 22-0576, 2. Exhibit 1 – Copy of Mortgages and Notes – Instruments 115925138 and 115925139, 3. Exhibit 2 – Copy of Property and Business Investment Improvement Program Agreement, 4. Exhibit 3 – Copy of Non-Residential Façade Improvement Program Agreement, 5. Exhibit 4 – Escrow Holdback Agreement, 6. CAM 22-0576 Satisfaction of Mortgage- PBIP and façade agreements

Title

Motion Approving a Satisfaction of Mortgage Securing a Forgivable Loan Under the Property and Business Investment Improvement Program Agreement and the Non-Residential Façade Improvement Agreement for Sandbox LLC in Exchange for a Prorated Payment of $51,000 and Delegate Authority to the Executive Director to Take Certain Actions - (Commission Districts 2 and 3)