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File #: ID-2024-361    Version: 1 Name:
Type: CC Resolution Status: Passed
File created: 9/6/2024 In control: City Council
On agenda: 11/5/2024 Final action: 11/5/2024
Title: Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute The First Amendment To First Amended And Restated Ground Lease And Affordable Housing Agreement Between The City Of Emeryville And Emeryvilla Apartments L.P., And Other Related Documents For The Emeryvilla Senior Apartments Development At 4320 San Pablo Avenue. (Chadrick Smalley / Valerie Bernardo)
Attachments: 1. Staff Report, 2. Draft Resolution, 3. Exhibit A to Resolution - First Amendment to First Amended Restated Ground Lease, 4. Exhibit A to First Amendment of Amended Restated Ground Lease - Affordable Housing Agreement, 5. APPROVED Resolution No. 24-131

Title

Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute The First Amendment To First Amended And Restated Ground Lease And Affordable Housing Agreement Between The City Of Emeryville And Emeryvilla Apartments L.P., And Other Related Documents For The Emeryvilla Senior Apartments Development At 4320 San Pablo Avenue.  (Chadrick Smalley / Valerie Bernardo)

Recommendation

Staff recommends that the City Council adopt the attached resolution authorizing the City Manager to execute the First Amendment to the First Amended and Restated Ground Lease, Affordable Housing Agreement, and other documents related to the refinancing of the Emeryvilla Senior Housing development, located at 4320 San Pablo Avenue.