City Council

8.E.\nAffordable Home Ownership Program Regulatory Agreement for Olson\nProject (Whittier Walk)\nRecommendation:\n1) Approve the Affordable Housing Covenant and enter into the Regulatory\nAgreement with the Olson Company for a single unit at the project site,\nwith a specific address to be provided at a later date and authorize the City\nManager to execute the agreement and necessary amendments; and\n2) Adopt Resolution No. 2026-05, amending the Fiscal Year 2025-26 Budget\nwith an appropriation of funds for a new Affordable Home Ownership\nProgram (AHOP) unit.