Special Successor Agency Minutes
June 9, 2026
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VALLEJO CITY COUNCIL AS THE GOVERNING BOARD OF THE
SUCCESSOR AGGENCY TO THE FORMER VALLEJO REDEVELPMENT AGENCY
SPECIAL MEETING MINUTES
JUNE 9, 2026
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 6:30 p.m.
2. ROLL CALL
Present: Mayor Sorce, Vice Mayor Matulac, Councilmembers Bregenzer, Gordon, Matias, and Palmares
Absent: Councilmember Lediju
Staff present: Interim City Manager Black, Chief Assistant City Attorney Risner and City Clerk Abrahamson
3. PRESENTATIONS AND COMMENDATIONS – None.
4. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Matulac and carried unanimously by members present to approve the agenda (Absent: Lediju)
5. ACTION CALENDAR
A. ADOPT A RESOLUTION APPROVING DOCUMENTS NECESSARY FOR
THE FINANCING AND REHABILITATION OF SERENO VILLAGE
APARTMENTS TO INCLUDE THE FOLLOWING: 1) ASSIGNMENT AND
ASSUMPTION AND AMENDMENT OF CITY OF
VALLEJO/REDEVELOPMENT AGENCY ("RDA") LOANS AND LOAN
DOCUMENTS PROVIDED TO SERENO VILLAGE ASSOCIATES; AND 2) SUBORDINATION OF SAID LOANS TO THE PROJECT’S CONSTRUCTION
AND PERMANENT LENDERS AND APPROVAL OF AGREEMENTS
RELATED THERETO
Recommendation: Adopt a resolution approving the drafted assignment and assumption and amendment of loan documents for the three loans, including two loans issued by the former Vallejo Redevelopment Agency, originally provided to Citizens Housing Corporation (CHC) and subsequently assigned to Sereno Village Associates, which will be further assigned to Eden Sereno Village, L.P. or an affiliate thereof (collectively, “Eden”) for rehabilitation and construction for the Sereno Village affordable housing project located at 750 Sereno Drive (the “Project”).
The City of Vallejo loan modifications as drafted in the loan documents include:
1. Assignment and Assumption and Amendment of Loan Documents (Sereno Village Acquisition Loan & Permanent Financing Loans); Docusign Envelope ID: F0407E3D-415E-83D9-816F-17B6F75B92F6 Special Successor Agency Minutes
June 9, 2026
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2. Subordination Agreement to the Project’s construction and permanent lenders; and
Contact: Gillian Haen, Assistant City Manager (707) 648-4163 [email protected]
Administrative Manager Francisco provided introductory comments.
Michael Rogers (Eden Housing) provided an overview of the history of the project, summarized the project benefits and outlined the requested City actions.
Staff responded to questions from Councilmembers. Councilmembers provided comment.
Action: moved by Vice Mayor Matulac and carried unanimously by members present to adopt Resolution No. 26-002 (Absent: Lediju).
6. ADJOURNMENT
The meeting adjourned at 6:41 p.m.
________________________________
ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Docusign Envelope ID: F0407E3D-415E-83D9-816F-17B6F75B92F6