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Consider recommendations regarding Casa Con Tres Apartment project rehabilitation loan documents, City of Lompoc, Fourth District, as follows:
a) Find that the Casa Con Tres Apartment Project is exempt from the California Environmental Quality Act (CEQA) as the operation and repair of an existing facility pursuant to CEQA Guideline Section 15301;
b) Approve the commitment of $125,000 in Community Development Block Grant (CDBG) Program Income funding for the rehabilitation of Casa Con Tres by Lompoc Housing Assistance Corporation (LHAC), a County designated Community Housing Development Organization (CHDO);
c) Authorize the County Administrator to execute a Loan Agreement and a Regulatory Agreement with LHAC for the rehabilitation of this project, in substantially the form of the attachments to this Board letter.
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