4.8 18-0860 Subject: Loan Term Extension For Madison Park Apartments From: Housing Development Services Recommendation: [OLD TITLE] Adopt A Resolution Amending City Council Resolution No. 2011-0015 C.M.S. To Extend The Loan Term Of The Existing Madison Park Apartments Loan To Fifty-Five (55) Years [NEW TITLE] Adopt A Resolution Amending City Council Resolution No. 2011-0015 C.M.S. To Extend The Term Of The Existing Madison Park Apartments Loan To The Earlier Of Fifty-Five (55) Years From Permanent Loan Conversion Or December 31, 2076 And To Change The Interest Rate Of The Existing Loan To The Long-Term, Compounding Applicable Federal Rate (AFR); On The October 23, 2018 Community And Economic Development Committee Agenda