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Title:
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ORD Making Certain Findings, & Auth the Mayor, or Her Desig, to Execute: (1) an Economic Dev Agrmt btwn the City & Campbell Cove, Ltd. (“Company”); & (2) Loan Docs & Related Docs as Described in the Agrmt, to Support the Dev by Company of an Approx 240 Unit Mixed-Income Apartment Community Located at 11000 Beach Blvd in the City (“Project”); Auth a Dev Loan in the Amt of $5,000,000 with a Term of 20 Years in Connection with the Proj, to be Approp by Subsequent Legislation; Desig the OED as Contract Monitor for the Agrmt & Related Docs; Prov for City Oversight of the Proj by the Neighborhoods Dept; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Prov a Deadline for the Company to Execute the Agrmt after it is Delivered to the Company; Waiver of that Portion of the Public Investment Policy Adopted by Ord 2024-286-E, as Amended, to Auth a Dev Loan that is Not Currently Auth by the Public Investment Policy (Sawyer) (Req of M...
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