City Council

Item S405:\nMercado Apartments - Assignment, Assumption and Amendment to Loan\nDocuments. (Added 9/5/25)\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nNo fiscal considerations for this action.\nCouncil District(s) Affected: 8.\nProposed Actions:\n(R-2026-75)\nResolution approving the assignment, assumption and amendment of loan documents for\nthe affordable housing project known as Mercado Apartments at 2001 Newton Avenue in\nthe Barrio Logan Community Plan Area.\nCommittee Actions Taken:\nThis item was heard at the Economic Development and Intergovernmental Relations\nCommittee meeting on September 3, 2025.\nACTION: Motion by Vice Chair Foster lll, second by Committee Member Campbell, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Campillo-yea, Foster III-yea, Campbell-yea, Lee-yea\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Marguerite Ella Middaugh