City Council

2. TWO-YEAR EXTENSION OF A $1.5 MILLION LOAN COMMITMENT FROM THE HOUSING TRUST FUND\nFOR THE WEST OAKS AFFORDABLE HOUSING PROJECT AND AUTHORIZATION TO NEGOTIATE\nACQUISITION OF THE BUENA OUTFALL – 1) Adoption of a resolution approving a two-year extension\nof the loan commitment period for a $1.5 million loan from the Housing Trust Fund to Chelsea\nInvestment Corporation for the West Oaks Affordable Housing Project (DEV 2013-018); and\n2) Adoption of a resolution authorizing city staff to negotiate with the City of Vista’s subsidiary Buena\nSanitation District for acquisition of the Buena Outfall by the City of Carlsbad. (Staff contact: Mandy\nMills, Community Services Department and Vicki Quiram, Public Works)\nNov. 7, 2023 Page 2