Civic IQ
OTHERAMENDED

Affordable Housing Loan Increased for Rail Trail Project

City Council approved an amendment to the loan agreement with MP Rail Trail Associates, LP, increasing the loan to $1.6 million to support development of 52 affordable residential units.

Document date · September 12, 2024

Issuing agencyCity of CapitolaVendorMp Rail Trail Associates Lp

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Amended to total of $1,600,000 (increase of $1,350,000 over previous loan)
Contract type
OTHER
Renewal
Loan amount increased and allocations updated by amendment.
Document type
Agenda
Source document
City of Capitola City Council Meeting Agenda September 12, 2024

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City of Capitola, California$1,600,000 (loan agreement); $449,376 PLHA Funds, $900,624 Housing Successor Agency Funds allocatedJan 30, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Capitola?

Mp Rail Trail Associates Lp was awarded this government contract by City of Capitola, as recorded on September 12, 2024. The contract value is Amended to total of $1,600,000 (increase of $1,350,000 over previous loan).

How much is the Mp Rail Trail Associates Lp contract with City of Capitola worth?

The Mp Rail Trail Associates Lp contract with City of Capitola is valued at Amended to total of $1,600,000 (increase of $1,350,000 over previous loan).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Capitola City Council Meeting Agenda September 12, 2024 (Agenda), dated September 12, 2024 from City of Capitola. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mp Rail Trail Associates Lp hold?

Mp Rail Trail Associates Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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