Adopt a Resolution to:
1) Provide a commitment by the City of Arroyo Grande for a grant from the City’s Affordable Housing Trust Fund, to the Housing Authority of San Luis Obispo (HASLO) for the design, funding, construction and management of a 100% affordable housing project in the City of Arroyo Grande;
2) Authorize a budget adjustment request in a not-to-exceed amount of $630,000 from the Affordable Housing Trust Fund; and
3) Authorize the City Manager to negotiate a grant agreement and any other associated documents, between the City and HASLO, establishing the terms of the grant for a total commitment and not-to-exceed amount of $630,000.