Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Soledad approves $610,640 fee deferral to support Eden Housing’s 40‑unit Parcel E affordable project
Summary
The council authorized a deferred payment of $610,640 in development impact fees secured by deed of trust and promissory note to support Eden Housing’s 40-unit affordable housing component at Parcel E; the balance is due at the end of a 55-year affordability period.
The Soledad City Council on April 16 approved Resolution 62-24 authorizing the city manager to defer $610,640 in development impact fees to Eden Housing for an affordable-housing component of the Parcel E development. The deferral will be secured by a deed of trust and promissory note and repayable at the end of a 55-year affordability period.
Staff said Eden Housing will produce a 40-unit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
