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Title:
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Consider recommendations regarding the Approval of a Subordination Agreement for Patterson Point (Project) Permanent Financing, Second District, as follows:
a) Authorize the Board Chair to execute a Subordination Agreement, with State Housing Community Development (State HCD) for the Patterson Point Affordable Housing Project subordinating a $1,488,000.00 County Loan to State HCD loan; and
b) Determine that the above recommended action is not a project under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15378(b)(5) because they consist of government administrative or fiscal activities that will not result in direct or indirect physical changes in the environment.
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