ITEM TITLE:
#23-26 - Authorizing the City Manager to Execute the Amended and Restated Operating Agreement for Valdez Senior Housing Associates, LLC and Grant Documents
SUBMITTED BY: Jake Staser, City Attorney
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Approve.
SUMMARY STATEMENT:
Attached resolution provides the City Manager with authority to execute the following in association with the Valdez Senior Housing project:
1) Amended and Restated Operating agreement and related ancillary documents (e.g. Security Agreement)
2) the Grant Documents and any related ancillary documents.