HomeMy WebLinkAboutItem-No.-19CITY OF PALOAI::;TO'
Memorandum ---lg'-
November 1, 2012
TO: HONORABLE CITY COUNCIL
FROM: CITY MANAGER
DATE: NOVEMBER 5, 2012
DEPARTMENT: PLANNING AND
COMMUNITY ENVIRONMENT
SUBJECT: ADOPTION OF BUDGET AMENDMENT ORDINANCE AND
APPROVAL OF A LOAN REQUEST FROM PALO ALTO HOUSING
CORPORATION IN THE AMOUNT OF $5,820,220 FOR THE
ACQUISITION OF 567-595 MAYBELL AVENUE
Staff requests that this item be continued to the November 13,2012 Council hearing. Additional
time is needed for staff to finalize the loan documents.
CURTIS WILLIAMS
Director of Planning and
Community Environment