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File Number: 15-695 <br />Legal Analysis <br />The City Attorney’s Office reviewed and approved this staff report, resolution and related legal <br />documents. <br />Fiscal Impacts <br />The execution of the Assignment, Assumption, and Modification Agreements for both loans <br />will have no fiscal impact on the City’s General Fund. As stated above, there is no City <br />financial assistance going to Eden Housing for the necessary renovations and improvements <br />at Las Palmas Apartments. The City Council is essentially assisting with the re-financing to <br />fund the renovations and improvements by taking the actions requested herein. <br />ATTACHMENTS <br />Attachments to Resolution <br />·Assignment, Assumption, and Modification Agreement (City HOME Program Loan) <br />·Assignment, Assumption, and Modification Agreement (Affordable Housing Loan) <br />PREPARED BY: Steve Hernandez, Housing Specialist II, Community Development <br />Department <br />Page 3 City of San Leandro Printed on 12/22/2015