Title
Consider recommendations regarding the Assumption Agreement for Bridgehouse Shelter, as follows:
a) Approve and authorize the Chair to execute the Assumption of the Regulatory Agreement, Promissory Note and Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing (Permanent Financing) ("Assumption Agreement") for the Bridgehouse Shelter; and
b) Determine that the approval and execution of the Assumption Agreement is exempt from the California Environmental Quality Act (CEQA), pursuant to CEQA Guidelines Section 15061 (b)(3), because of the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment, and there is no possibility that the approval and execution of the Assumption Agreement may have a significant effect on the environment; and direct staff to file the Notice of Exemption .