Laguna Beach

City Council

May 14, 2024 Item #13

Agenda Item 13

13. CONSIDERATION OF ISSUING LETTERS OF INTENT FOR PROPOSALS\nRESPONDING TO THE CITY’S LOCAL HOUSING TRUST FUND NOTICE\nOF FUNDING AVAILABILITY RELEASED ON APRIL 10, 2024\nRecommendation: Authorize the City Manager to issue letters of intent to the\nfollowing proposals that responded to the City’s Local Housing Trust Fund Notice of\nFunding Availability:\na. West Development Ventures / Fullerton Development Partners for an\namount not to exceed $3,000,000; and\nb. Related California for an unknown amount.\nAgenda Report (REVISED)