City Council

9. Authorization to Enter Into a Development Impact Fee Deferral Agreement on Behalf of\nthe City for the Main & Holt Affordable Housing Project\nIt is recommended that the City Council take the following actions:\n1) Adopt the following resolution:\nRESOLUTION NO. 2024-119 - A RESOLUTION OF THE CITY COUNCIL OF THE\nCITY OF POMONA, CALIFORNIA, AUTHORIZING THE CITY MANAGER TO\nENTER INTO A DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT OF\nAPPROXIMATELY $3,000,000 FOR A 100% AFFORDABLE HOUSING PROJECT\nON BEHALF OF THE CITY FOR THE MAIN & HOLT HOUSING PROJECT\n2) Authorize the City Manager to execute the Development Impact Fee Deferral\nAgreement and all necessary associated documents, in substantially the form\nsubmitted herein, and authorize non-substantive changes with approval by the City\nManager and City Attorney.