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Consider recommendations regarding approval and execution of Lender Consent Form and authorization of Amendments to the HOME loan documents for Cypress Court HOME Project; Fourth District, as follows:
a) Approve and authorize the Chair to execute the Lender Consent Form that provides the County of Santa Barbara's written consent to Lompoc Pacific Associates, LP's filing and recording of a parcel map for the real property proposed to be subdivided in which the County has a record title interest in connection with the County's HOME loan to Lompoc Pacific Associates;
b) Authorize the Director of the Community Services Department or his designee to amend the HOME loan Agreement; the Deed of Trust, Assignment of Rents, and Security Agreement; the Promissory Note; and the Regulatory Agreement and Declaration of Restrictive Covenants (collectively, the HOME Loan Documents) to reflect an amended legal description of the real property, that secures the County's HOME loan consistent with the legal description of all that certain real property as referenced as new Parcels 1, 2 and 3 and more particularly described in Parcel Map LOM 596-P; and
c) Find that pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15162, no substantial changes are proposed and no new information of substantial importance has come to light regarding environmental effects of the project or of the sufficiency or feasibility of mitigation measures, and therefore these actions are within the scope of the Cypress Court project covered by the Mitigated Negative Declaration that was prepared by the City of Lompoc, which the Board considered and found was adequate for the project on March 6, 2012, and that therefore no new environmental document is required.