https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5558981&GUID=7A5DFD50-917C-42A9-9CCC-DE66D241BA1B&G=1088EC25-A43A-408F-A57C-73C0A70269ABLegistar15https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5558981&GUID=7A5DFD50-917C-42A9-9CCC-DE66D241BA1B&G=1088EC25-A43A-408F-A57C-73C0A70269AB7A5DFD50-917C-42A9-9CCC-DE66D241BA1B-2024-03-20-22-56-23Title: Measure K: Adopt a resolution: A) Authorizing and directing the Director of the Department of Housing, or designee, to execute an Exclusive Negotiating Agreement with Alta Housing Corporation (“Alta”) to afford the parties sufficient time to negotiate the terms of a Ground Lease Agreement and all documents evidencing and securing a predevelopment loan related to the operation and management of a permanent affordable housing development for homeless individuals and households/families or those who are at risk of homelessness (“project”) on County property located at 1818 EL Camino Real in Redwood City; and B) Authorizing and directing the Director of the Department of Housing, or designee, in consultation with County Attorney, to negotiate and execute a Ground Lease Agreement and all documents evidencing and securing a predevelopment loan, in a total amount not to exceed $1,500,000 in Measure K funds, with Alta housing corporation, to cover costs associated with the operation and management of the subject property; and C) Authorizing the Director of the Department of HousingWed, 20 Mar 2024 22:56:23 GMT