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Consider recommendations regarding the subordination of Casa Esperanza Homeless Shelter Loan, Second District, as follows:
a) Approve the subordination of the County's $500,000 interest in an existing $1,000,000 loan made in partnership with the City of Santa Barbara and its Redevelopment Agency for the homeless shelter located at 816 Cacique Street in Santa Barbara, to a refinanced loan from Business First National Bank; and
b) Authorize the Chair of the Board of Supervisors to execute the subordination agreement, consistent with the terms and conditions.
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