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CITY COUNCIL OF SAN LEANDRO <br />MINUTE ORDER <br />NO. 99-75 <br />SUBJECT: HOME FUNDS/TROPIC COURT, Matter of Resolution Approving a <br />Loan Agreement Between the City of San Leandro and Citizens Housing <br />Corporation for the Use of HOME Funds for Acquisition of a 91-Unit <br />Apartment Building and Authorizing the City Manager to Execute the <br />Necessary Documents to Loan the HOME Funds to Citizens Housing <br />Corporation for 15370 Tropic Court; Assessor's Parcel Number 412-0006- <br />006-02 (provides for a loan of HOME Funds in the amount of $1,050,000 <br />for acquisition of a 91-unit apartment complex at 15370 Tropic Court). <br />Cost: $1,050,000 (HOME Funds) <br />MEETING DATE: December 6, 1999 <br />Minute Order No. 99-75, Resolution Approving a Loan Agreement Between the City of San <br />Leandro and Citizens Housing Corporation for the Use of HOME Funds for Acquisition of a 91- <br />Unit Apartment Building and Authorizing the City Manager to Execute the Necessary Documents <br />to Loan the HOME Funds to Citizens Housing Corporation for 15370 Tropic Court; Assessor's <br />Parcel Number 412-0006-006-02 (provides for a loan of HOME Funds in the amount of <br />$1,050,000 for acquisition of a 91-unit apartment complex at 15370 Tropic Court). Cost: <br />$1,050,000 (HOME Funds). (2096) <br />The City Council continued the matter of the Loan Agreement Between the City of San <br />Leandro and Citizens Housing Corporation for the Use of HOME Funds for Acquisition of <br />a 91-Unit Apartment Building at 15370 Tropic Court to the December 20, 1999, City <br />Council Meeting. <br />M/S/C Loeffler and Lothrop. Ayes: 5; Noes: 0; Abstained: Galvan; Absent: Glaze <br />Gayle Petersen <br />City Clerk <br />GP:dd <br />Attachment <br />F:\MINORDER\FORMS\1999\120699\.MO-2 <br />