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Supporting Materials
A Resolution to: (1) approve the assumption by Jesse Prentice Loftin Jr. of a HOME Financial Terms Contract loan between the City of El Paso and Jose De La Rosa and Antonia De La Rosa dated July 2, 2002, assumed by Project Vida Community Development Corporation through an Assumption Agreement dated January 24, 2017; (2) approve the funding commitment in the amount of $65,000 for the rehabilitation of four multi-family units located at 6806 Alameda Avenue by Jesse Prentice Loftin Jr; (3) approve the release of the obligations under the HOME Financial Terms Contract assumed by Jesse Prentice Loftin Jr; and (4) authorize the City Manager to execute all documents necessary to complete the transaction.
Files
PDF Document  A Resolution to: (1) approve the assumption by Jes - 04161908.1.pdf