City Council

16. Amended and Restated Disposition and Development/ Affordable Housing Agreement (the\n“Amended Agreement”) and a Ground Lease with Wakeland Highland, LP, Related to the\nConstruction of Ninety (90) Unit Affordable Senior Housing (Inclusive of One Manager’s Unit) on\nLand Owned by the City’s Housing Authority. The Amended Agreement will Allow Wakeland to\nEither (1) Develop the Ninety (90) Units (“Single Phase Project”), or (2) Develop a “Two Phase\nProject” With Not Less Than Sixty (60) Units During the First Phase (“Phase 1”), and Not Less\nThan Thirty (30) Units During the Second Phase (“Phase 2”)\n1. Adopt Housing Authority Resolution No. HA 2026-______, approving entering into an\nAmended and Restated Disposition and Development/Affordable Housing Agreement and\nGround Lease with Wakeland Highland, LP, and reconfirm the disbursement of\n$4,577.450.00 in funds to Wakeland Highland, LP, upon conditions of closing being\nsatisfied;\n2. Adopt City of Highland Resolution No. 2026-_____, approving entering into an Amended\nand Restated Disposition and Development/Affordable Housing Agreement, and Density\nBonus Agreement with Wakeland Highland, LP; and\n3. Direct Staff to file a Notice of Exemption with the County Clerk of the Board.\nCity Council Legislative