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Consider recommendations regarding a Community Corrections Partnership (CCP) $1,228,000.00 Loan to Good Samaritan Shelter (GSS) for Residential Development in Santa Maria Valley and Lompoc, as follows:
a) Approve and authorize the Chair to execute the following documents (Loan Documents), as applicable, reflecting the terms and conditions of a loan (Loan) in the amount of One Million, Two Hundred Twenty-Eight Thousand Dollars ($1,228,000.00) to GSS to add 18 additional beds for justice-involved individuals in the form of one new build in Lompoc, and three Accessory Dwelling Units (ADUs) in Santa Maria (Project):
i) County CCP Loan Agreement for GSS Residential Development (Loan Agreement) (for execution);
ii) County CCP Lompoc Loan Note for $437,000.00 for Project location at 531 N. G St. in Lompoc (for approval);
iii) County CCP Lompoc Loan Regulatory Agreement for Project location at 531 N. G St. in Lompoc (for execution);
iv) County CCP Lompoc Loan Deed of Trust (for approval);
v) County CCP Hermosa Loan Note for $241,000.00 for Project location at 607 E. Hermosa St. in Santa Maria (for approval);
vi) County CCP Hermosa Loan Regulatory Agreement for the Project location at 607 E. Hermosa St. in Santa Maria (for execution);
vii) County CCP Hermosa Loan Deed of Trust (for approval);
viii) County CCP Elmwood Loan Note for $414,000.00 for the Project location at 1933 Elmwood Drive in Santa Maria (for approval);
ix) County CCP Elmwood Loan Regulatory Agreement for the Project location at 1933 Elmwood Drive in Santa Maria (for execution);
x) County CCP Elmwood Loan Deed of Trust (for approval);
xi) County CCP Lincoln Loan Note for $136,000.00 for the Project location at 1404 N. Lincoln St. in Santa Maria (for approval);
xii) County CCP Lincoln Regulatory Agreement for the Project location at 1404 N. Lincoln Street in Santa Maria (for execution); and
xiii) County CCP Lincoln Loan Deed of Trust (for approval), (the foregoing 13 documents, co...
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