Dept/Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Loan Agreement Purpose: Resolution authorizing the execution and delivery of a Note, Loan Agreement, Mortgage and related documents and certifications needed to establish deposit accounts with financial institutions with United States Department of Housing and Urban Development (“HUD”) for funds awarded under the Section 108 Loan Guarantee Program. Entity Name: United States Department of Housing and Urban Development Entity Address: 451 7th Street S.W., Washington, DC 20410 Loan Amount: $3,709,000.00 Funding Source: N/A Loan Term: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) n/a Additional Information: 505-509 Clinton Avenue/Block 3000/Lot 21/South Ward Application for loan funds authorized by Resolution 7R2-a(AS) adopted on November 1, 2017.