Dignity Village
2350 Fifth Street, Alameda, CA
Dignity Village
ADVANCE – PROJECT LOAN
• Staff is requesting a short-
term advance for the
project from the City of $2
million to allow pre-
development work, such
as construction drawings,
to proceed, and to order
materials with long lead
times
ADDITION TO BUDGET
• Additional due diligence
indicates that
infrastructure work will cost
more than originally
budgeted. Staff is
recommending an
amount not to exceed $1
million for this infrastructure
work
DOCUMENTS RELATED TO
$2 MILLION ADVANCE
• INTERIM FUNDING
AGREEMENT
• PROMISSORY NOTE
DOCUMENT RELATED
TO $1MILLION BUDGET
ADDITION
• SERVICE PROVIDER
AGREEMENT
(INCLUDES
PROJECT STABILIZATION
AGREEMENT)
Dignity Village
Questions and Answers