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24
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2022
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041922
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4/13/2022 1:41:47 PM
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4/13/2022 1:41:14 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/19/2022
EXPIRATION DATE
4/19/2022
DESTRUCT DATE
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3/15/2022 <br /> ATTACHMENT 1, EXHIBIT G <br /> 0!CSC DA THE CITY or <br /> c nc] OPPORTUNITY PL�EASANTOK <br /> CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY <br /> WORKFORCE HOUSING PROGRAM <br /> Opportunity to Immediately Convert Market Rate Apartments to <br /> Low-,Middle-and Moderate-Income Housing <br /> Presentation to the City of Pleasanton <br /> December 2021 <br /> www.cscda.org www.opportunityhousinggroup.com <br /> 1 <br /> ` CSCDA C <br /> AVANA Pleasanton Opportunity July, 2021— <br /> SOLD TO ANOTHER MARKET PURCHASER <br /> • 354 Units of Low, Middle and Moderate Income workers <br /> • Rent Savings of$2 Million per Year <br /> • No Liability, No Cash requirement, No Net loss of Property <br /> Tax—Joint Power Authority Manages for City of Pleasanton <br /> • At payoff of Bond (30 Yrs), all equity accrues to the City of <br /> Pleasanton- estimated $339 Million <br /> • Supported by Hacienda Park Owners Assoc/Chamber of <br /> Commerce/Local Non Profits <br /> • 1st Step Join JPA. All projects come to City Council for <br /> Acceptance <br /> • Need City place on Agenda for discussion <br /> www.cscda.org www.opportunityhousinggroup.com <br /> 2 <br /> 1 <br />
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