Moreno Valley

City Council

March 04, 2025 Order of Business I #7

Agenda Item 7

I.7 ACTION ON AMENDMENTS & ASSIGNMENT CONSENT FOR “ELEVATE AT\nTOWNGATE” (REPORT OF: ECONOMIC DEVELOPMENT & HOUSING)\nAuthorize Sale Of Project And Approval Of Three Elevate At Towngate Agreements\nRecommendation(s)\n3\nThat City Council and Housing Authority:\n1. First Amendment to 1995 Owner Participation and Loan Agreement ("1995 OPA\nAmendment")\n2. First Amendment to 1995 Agreement Containing Covenants Affecting Real\nProperty ("1995 Covenants Amendment")\n3. Consent to Assignment and Assumption of 1995 Agreements and 2000\nAgreements ("Consent to Assignment")