File #: 24-1079    Version: 1 Name: Reassignment of Collateral Charge for Vergo Mortgage
Type: Action Report Status: Agenda Ready
File created: 10/23/2024 In control: Hospitals and Housing Committee
On agenda: 11/6/2024 Final action:
Title: Reassignment of Collateral Charge for Vergo Mortgage
Attachments: 1. Staff Report: Reassignment of Collateral for Vergo Mortgage, 2. Appendix A: Amending Letter Agreement with Vancity

Title

Reassignment of Collateral Charge for Vergo Mortgage

 

Recommendation

The Hospitals and Housing Committee recommends to the Capital Region Housing Corporation Board:

1.                     That Edward Robbins, Chief Administrative Officer and Nelson Chan, Chief Financial Officer, or their duly authorized delegates be authorized to sign any documents related to the mortgage amendment; and

2.                     That the Capital Region Housing Corporation be authorized to pay the Amendment Fee of $1,000 to Vancouver City Savings Credit Union.