3.2 25-0264 Subject: HCEB Extended Stay America Site Loan And Grant From: Human Services Department Recommendation: Adopt A Resolution Authorizing The City Administrator To (1) Either Make A 55-Year Capitalized Loan At An Interest Rate Not To Exceed 3% Or, In The Alternative, Award A Grant To Memar Properties, Inc And Housing Consortium Of The East Bay (HCEB), Or Their Affiliates, In An Amount Not To Exceed $7,000,000, Using State Of California Encampment Resolution Funding (ERF), In Order To Purchase The Extended Stay America Located At 3650 Mandela Parkway (Property) For Interim Shelter For Unhoused Individuals To Be Converted To 125 Units Of Permanent Supportive Housing; (2) Award A Grant To HCEB In An Amount Not To Exceed $5,378,190 Using State Of California Permanent Local Housing Allocation Funds (PLHA), State ERF, And Local Opioid Remediation Funding, To Operate An Interim Shelter Program At The Property And Provide Pre-Program Outreach And Exit Resources For Unhoused Individuals Through September 30, 2026; And (3) And Making Appropriate California Environmental Quality Act Findings; On The November 12, 2024 City Council Agenda On Consent