File #: 25-0886    Version: 1 Name: Campus View Redevelopment - Mtge Reg & FPA
Type: Action Report Status: Agenda Ready
File created: 8/5/2025 In control: Hospitals and Housing Committee
On agenda: 9/3/2025 Final action:
Title: Campus View Redevelopment - Mortgage Registration and Final Project Approval
Attachments: 1. Staff Report: Campus View Redvlpt-Mtge Registration & FPA, 2. Appendix A: Draft Certified Resolution of Directors-Repayable Mortgage, 3. Appendix B: Draft Certified Resolution of Directors-Forgivable Mortgage, 4. Appendix C: Provisional Rent Levels, 5. Appendix D: Loan Commitment Letter-Repayable Mortgage, 6. Appendix E: Loan Commitment Letter-Forgivable Mortgage, 7. Appendix F: Draft BC Builds Contribution Agreement, 8. Appendix G: Draft Cost Overrun Agreement

Title

Campus View Redevelopment – Mortgage Registration and Final Project Approval

 

Recommendation

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

1. That the Resolution of Directors for the Repayable Mortgage in the form required by BC Housing Management Commission for the purposes of authorizing the execution of the Loan and Mortgage documents for the Campus View Redevelopment project (PID 000-025-348), substantially in the form as attached hereto as Appendix A, be approved;

2. That the Resolution of Directors for the Forgivable Mortgage in the form required by BC Housing Management Commission for the purposes of authorizing the execution of the Loan and Mortgage documents for the Campus View Redevelopment project (PID 000-025-348), substantially in the form as attached hereto as Appendix B, be approved; and

3. That Ted Robbins, Chief Administrative Office, and Nelson Chan, Chief Financial Officer, or their duly authorized delegates, or any two directors or officers of the Corporation be authorized to do all things necessary to affect the project and take such steps as are required to conclude the financing, construction, and operation of the Campus View Redevelopment project.