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Agenda Item

7 15-1021 Subject: Foothill Seminary Point Construction Gap Loan & Line Of Credit From: Economic & Workforce Development Department Recommendation: Adopt A Resolution Authorizing A $2,000,000 Loan And A $1,500,000 Line Of Credit To Sunfield Development LLC, Seminary Point LLC, And/Or COCRF Seminary Point, LLC, Or Affiliated Entities, To Be Used For Development Of The Foothill Seminary Point Neighborhood Commercial Retail Center Project