File #: 20-00060    Version: 1
Type: Administrative Item Status: Agenda Ready
File created: 1/17/2020 In control: BOARD OF SUPERVISORS
On agenda: 1/28/2020 Final action: 1/28/2020
Title: Consider recommendations regarding the execution of Loan documents for a $291,137.00 loan in federal HOME funds to Good Samaritan Shelter for Pine St. Bungalows II in Santa Maria, Fifth District, as follows: a) Approve and authorize the Chair to execute the following documents, which relate to a loan of Two Hundred Ninety-One Thousand One Hundred Thirty Seven Dollars ($291,137.00) in HOME Funds, to Good Samaritan Shelter for development of the Pine Street Bungalows II affordable housing project at 614 S. Pine Street in the City of Santa Maria: i) County HOME Loan Agreement; ii) County HOME Loan Promissory Note; iii) County Deed of Trust, Assignment of Rents, and Security Agreement; and iv) County HOME Regulatory Agreement (together, the County HOME Loan Documents); and b) Find that the recommended actions are exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15303 (New Construction or Conversion of Small Structures), finding that the ac...
Sponsors: COMMUNITY SERVICES DEPARTMENT
Attachments: 1. Board Letter, 2. Att A_Pine St.HOME Loan Agreement, 3. Att B_Pine St. HOME Promissory Note, 4. Att C_County Deed of Trust_Pine St. Bungalows, 5. Att D_Pine St BungalowsHOME Regulatory Agmnt, 6. Att E_ CEQA Notice of Exemption, 7. Executed Agreement Attach. A, 8. Executed Agreement Attach. D, 9. Minute Order

Title

Consider recommendations regarding the execution of Loan documents for a $291,137.00 loan in federal HOME funds to Good Samaritan Shelter for Pine St. Bungalows II in Santa Maria, Fifth District, as follows:

 

a) Approve and authorize the Chair to execute the following documents, which relate to a loan of Two Hundred Ninety-One Thousand One Hundred Thirty Seven Dollars ($291,137.00) in HOME Funds, to Good Samaritan Shelter for development of the Pine Street Bungalows II affordable housing project at 614 S. Pine Street in the City of Santa Maria:

 

i) County HOME Loan Agreement;

ii) County HOME Loan Promissory Note;

iii) County Deed of Trust, Assignment of Rents, and Security Agreement; and

iv) County HOME Regulatory Agreement (together, the County HOME Loan Documents); and

 

b) Find that the recommended actions are exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15303 (New Construction or Conversion of Small Structures), finding that the actions relate to the construction or conversion of one single-family residence, and direct staff to file a Notice of Exemption on that basis.