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Title:
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Consider recommendations regarding the Dahlia Court II (Expansion) Subordination Agreements, as follows:
a) Approve and authorize the Chair of the Board of Supervisors to execute one Subordination Agreement, for a construction loan by Rabobank, N.A., in the amount of $10,522,000.00;
b) Authorize the Director of the Community Services Department or his/her designee to execute a Consent and Subordination to the Easement, Joint Use and Maintenance Agreement; and
c) Authorize the Community Services Director to enter into a subordination agreement with a permanent lender after the completion of construction of the Project in a form approved by County Counsel.
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