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Lease

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20260310 San Bernandino County Highland City Council Item 16. Amended and Restated Disposition and Development/ Affordable Housing Agreement (the “Amended Agreement”) and a Ground Lease with Wakeland Highland, LP, Related to the Construction of Ninety (90) Unit Affordable Senior Housing (Inclusive of One Manager’s Unit) on Land Owned by the City’s Housing Authority. The Amended Agreement will Allow Wakeland to Either (1) Develop the Ninety (90) Units (“Single Phase Project”), or (2) Develop a “Two Phase Project” With Not Less Than Sixty (60) Units During the First Phase (“Phase 1”), and Not Less Than Thirty (30) Units During the Second Phase (“Phase 2”) 1. Adopt Housing Authority Resolution No. HA 2026-______, approving entering into an Amended and Restated Disposition and Development/Affordable Housing Agreement and Ground Lease with Wakeland Highland, LP, and reconfirm the disbursement of $4,577.450.00 in funds to Wakeland Highland, LP, upon conditions of closing being satisfied; 2. Adopt City of Highland Resolution No. 2026-_____, approving entering into an Amended and Restated Disposition and Development/Affordable Housing Agreement, and Density Bonus Agreement with Wakeland Highland, LP; and 3. Direct Staff to file a Notice of Exemption with the County Clerk of the Board. City Council Legislative March 10, 2026 San Bernandino County Highland City Council Item #16