File #: 20-689    Version: 1 Name: Spencer Close Redevelopment Mortgage Registration
Type: Action Report Status: Reported to Board
File created: 10/26/2020 In control: Hospitals and Housing Committee
On agenda: 11/4/2020 Final action: 11/4/2020
Title: Spencer Close Redevelopment Mortgage Registration: 2763 Spencer Road
Attachments: 1. Staff Report: Spencer Close Redevelopment Mortgage Registration, 2. Appendix A: Spencer Close Resolution of Directors

Title

Spencer Close Redevelopment Mortgage Registration:  2763 Spencer Road

 

Recommendation

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

a)                     That the resolutions required by BC Housing Management Commission to authorize

     the execution of the Section 219 Covenant and the Loan and Mortgage

     documents for 2763 Spencer Road be approved; and

b)                     That Staff be authorized to execute any agreements with Capital Regional District

     and BC Housing Management Commission and to take steps necessary to   

     conclude the purchase of 2763 Spencer Road, Langford, BC.