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Packet 20250519
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Last modified
9/23/2025 9:38:15 AM
Creation date
9/15/2025 2:12:00 PM
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CM City Clerk-City Council
Document Date (6)
5/19/2025
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Reso 2025-046 AHSC Round 9 (Bay Fair Apartment Project)
(Amended)
Path:
\City Clerk\City Council\Resolutions\2025
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Alameda CTC Agreement No. A25-00XX <br /> 5 <br />4.12 In the event a grant award is received from AHSC, the PARTIES recognize that each PARTY may <br />need additional assurances from the other PARTY regarding the AHSC Grant before commencement of <br />construction of the Developer Obligations and the STI Obligations. The PARTIES agree to cooperate with <br />each other to reach timely mutual agreement on amendments to this MOU, other implementation <br />agreements or estoppel certificates necessary to provide reasonable assurances and indemnifications <br />related to the disbursement of AHSC Grant funds. The PARTIES recognize that any such amendments to <br />this MOU or execution of additional agreements may require approval of the governing bodies of the <br />PARTIES. <br /> <br />4.12 This MOU may be executed in counterparts, including through the use of DocuSign or other <br />electronic means, and each signed document will constitute the whole as if a single document was signed <br />by both PARTIES. <br /> <br /> <br />[Signatures on following page] <br /> <br />
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