Ojala Partners, LP

Authorizes a conditional grant agreement with Caroline Dallas Tenant, LP (affiliate of Ojala Partners, LP) for up to $2,000,000 in 2024 General Obligation Bond funds (Proposition H) to support The Caroline, a 344-unit mixed-income workforce housing development, covering extraordinary costs of wastewater infrastructure and streetscape improvements.

Authorize the City Manager to negotiate and execute a conditional grant agreement and security documents with Caroline Dallas Tenant, LP, an affiliate of Ojala Partners, LP (together, the Applicant) i

Authorizes a conditional grant agreement of up to $2,000,000 in 2017 General Obligation Bond funds to Caroline Dallas Tenant, LP for The Caroline, a 344-unit mixed-income workforce housing development at 1400 West Commerce Street, assisting with required wastewater infrastructure and streetscape improvements.

Upcoming Items on the May 28, 2025 City Council Agenda: Authorize the execution of a conditional grant agreement and security documents with Caroline Dallas Tenant, LP, an affiliate of Ojala Partners,