Legislation Details

File #: SR 26-0205   
Type: Resolution Status: Consent Calendar
Department: Housing and Community Services
Meeting Date: 5/19/2026
Legislative Title: Resolution approving a Loan Agreement from the Western Nevada County Regional Housing Trust Fund in furtherance of the development of the Penn Valley Lone Oak Phase II Senior Apartment Project in the total amount of $2,306,128, and directing the Auditor-Controller to release fund balance and to amend the Housing and Community Services budget for fiscal year 2025/26. (4/5 affirmative vote required)
Attachments: 1. Staff Report - Lone Oak Senior Apartments Phase II - Loan, 2. Resolution - Lone Oak Senior Apartments Phase II - Loan, 3. Exhibit A. Penn Valley Loan Agreement (County to Partnership), 4. Exhibit B. Penn Valley Loan Promissory Note, 5. Exhibit C. Penn Valley Loan Deed of Trust
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Title

Resolution approving a Loan Agreement from the Western Nevada County Regional Housing Trust Fund in furtherance of the development of the Penn Valley Lone Oak Phase II Senior Apartment Project in the total amount of $2,306,128, and directing the Auditor-Controller to release fund balance and to amend the Housing and Community Services budget for fiscal year 2025/26. (4/5 affirmative vote required)