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SARDA A 24-001
| 1. | County acknowledging Release the Surety Performance Bond of $17.5M pursuant to the East Garrison Phase 2 Affordable Housing Completion Guarantee | Successor Agreement | a. Accept as complete improvements specified in the Certificate of Occupancy for the East Garrison Phase Two Rental Affordable Housing Project in satisfaction of the Completion Guarantee for the East Garrison Phase Two Rental Affordable Housing Project. Improvements, consisting of 65 very-low and low-income affordable housing units were constructed by the Community Housing Improvement Systems and Planning Associates (CHISPA) at 21131 Ord Avenue East Garrison;
b. Approve the release of a bond (Bond No. 2282539) to Casa Acquisition Corp. in the total amount of $17,500,000 for the performance of improvements relating to the Completion Guarantee for the East Garrison Phase Two Rental Affordable Housing Project prior to the completion date of March 31, 2025 | | |
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