Fairfield council approves disputed homeless housing plan, rebuffs mayor's delay request [CBS News]
Texas Roadhouse, Inc. (TXRH)
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Source: CBS News
The "no" votes on the project were from Mayor Catherine Moy, Vice Mayor Pam Bertani, and Councilmember Manveer Sandhu. "I'm disappointed," Moy told CBS Sacramento after the final vote came down around 11:30 p.m. Moy made a last-minute motion, seconded by Bertani, to table the vote until ongoing city code enforcement and county investigations looking into the state of the building could be finished. The motion failed and the project proceeded to a final vote. Moy called into question the $12 million appraisal of the hotel that she described as "dilapidated," the price Moy says the city now has to pay the current hotel owners to purchase the building. Tuesday's vote approves the loan agreement, regulatory agreement and standard agreement required to now give the project final approval and issue a loan of $23,071,081 for the project on a 55-year term. The facility must operate as permanent supportive housing. More than $21.5 million of that money is California Homekey+ funding
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TXRH
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- 11/6/25 - Miss
TXRH
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- 12/5/25 - Form 4
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- 12/5/25 - Form 4
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