City Council

10A. INFORMATIONAL REPORT AND CONSIDERATION OF A RESOLUTION CONCERNING A REQUEST FOR THE CITY TO FORGIVE LOANS AND DEEDS OF TRUST FOR PROPERTIES LOCATED 133 & 135 W. CANADA AND 143 W. MARQUITA, OWNED AND OPERATED BY MARY ERICKSON COMMUNITY HOUSING (Agendized by Councilmember Enmeier, with the support of Mayor Pro Tem Knoblock, Mayor Loeffler, and Councilmember Cabral at the February 17, 2026 City Council meeting.) Recommended Action Adopt Resolution No. 26-82, which would deny the request for forgiveness of the outstanding deferred-payment loans secured by Deeds of Trust associated with the properties located at 133 & 135 W. Canada and 143 W. Marquita, and direct the borrower to satisfy the outstanding loan obligations in accordance with the terms of the loan agreements. If the City had to foreclose on these Deeds of Trust, interest and attorney fees would be available under the terms of the loan agreements.