Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing topic
No spam. Unsubscribe anytime.
City adds $7.9M loan for 88‑unit affordable housing project as walk‑on to consent calendar
Summary
City attorney and staff added a walk‑on item to the consent calendar to consider a $7.9 million loan agreement supporting an 88‑unit affordable housing development at Washington Boulevard and Broadway; staff said time‑sensitive deadlines required action tonight.
Council accepted a staff request to add a time‑sensitive loan agreement as a walk‑on to the consent calendar and approved the consent calendar (items 14–17) during the June 2 meeting. The walk‑on item is consideration of a $7.9 million loan agreement for development of an 88‑unit affordable housing project at 11330–11350 Washington Boulevard and 8023 Broadway in Santa Fe Springs.
A city attorney read the item into the record and explained the matter came to staff attention after the agenda posted; staff said deadlines associated with the loan required immediate council action. Council members moved and seconded approval of the consent calendar (excluding item 11, which was taken up separately) and the consent calendar passed.
What happens next: the loan agreement will be included on the consent calendar documentation and staff will execute the loan agreement consistent with the agenda item and contractual requirements; no further public debate was recorded during the meeting on the loan item.
