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File #: 25-14268    Version: 1 Name:
Type: Consent Calendar Status: Agenda Ready
File created: 8/27/2025 In control: City Council
On agenda: 9/3/2025 Final action:
Title: Subject: First Amendment to Affordable Housing Covenant and Restriction on Sale Price (“First Amendment”) and Substitution of Trustee and Full Reconveyance with Trustor Consent (“Reconveyance”) with respect to the Nineteen800 project at 19800 Vallco Parkway (“Project”).
Sponsors: Kirsten Squarcia
Attachments: 1. Staff Report, 2. A - First Amendment of Affordable Housing Covenant and Restriction on Sale Price, 3. B - Substitution of Trustee and Full Reconveyance with Trustor Consent

Title

Subject:  First Amendment to Affordable Housing Covenant and Restriction on Sale Price (“First Amendment”) and Substitution of Trustee and Full Reconveyance with Trustor Consent (“Reconveyance”) with respect to the Nineteen800 project at 19800 Vallco Parkway (“Project”).

 

Recommended Action

1.                      Approve both the First Amendment and Reconveyance provided herewith and authorize the City Manager to execute the documents and deliver them for recordation.

2.                     Authorize the City Attorney to make minor modifications to the First Amendment and Reconveyance as deemed necessary to effectuate the intent of the parties.