https://cityofmerced.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5840632&GUID=3E5D0FE9-4665-42CA-B003-EE3490C50E33Legistar15https://cityofmerced.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5840632&GUID=3E5D0FE9-4665-42CA-B003-EE3490C50E333E5D0FE9-4665-42CA-B003-EE3490C50E33-2024-09-19-15-08-35Title: SUBJECT: Adoption of a Resolution Approving a Grant Agreement in the Amount of $1,690,462 From Coronavirus Local Fiscal Recovery Funds as Established Under the American Rescue Plan Act, a Regulatory Agreement and Declaration of Restrictive Covenants, Notice of Affordability Restrictions and Agreement Containing Covenants with TwelveThirteen Homekey LP REPORT IN BRIEF Considers adopting a Resolution approving a Grant Agreement in the amount of $1,690,462 from Coronavirus Local Fiscal Recovery Funds as established under the American Rescue Plan Act, a Regulatory Agreement and Declaration of Restrictive Covenants, Notice of Affordability Restrictions and Agreement Containing Covenants with TwelveThirteen Homekey LP and setting terms of affordability. RECOMMENDATION City Council - Adopt a motion: A. Adopting Resolution 2022-60, a Resolution of the City Council of the City of Merced, California, approving a Deed Restriction Covenant and Grant Agreement in the amount of $1,690,462 from the Coronavirus Local Fiscal Recovery Funds as established under the American Rescue Plan Act, apprThu, 19 Sep 2024 15:08:35 GMT