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HOUSING AUTHORITY AGENDA 4 APRIL 16, 2019 <br />2. Authorize the Executive Director of the Housing Authority and the Recording Secretary <br />to execute a Subordination Agreement with Citibank, N.A., for the Housing Authority’s <br />Loan Agreement with Tiny Tim LP, subject to non-substantive changes approved by the <br />Executive Director and Authority General Counsel. <br /> <br />CITY COUNCIL <br /> <br />RECOMMENDED ACTION : <br /> <br />1. Authorize the City Manager and the Clerk of the Council to execute a Loan Agreement <br />with Tiny Tim LP (c/o Community Development Partners) for $1,300,000 in Inclusionary <br />Housing Funds to create 51 units of affordable housing at 2223 West Fifth Street in Santa <br />Ana, subject to non-substantive changes approved by the City Manager and City <br />Attorney. <br /> <br />2. Authorize the City Manager and Clerk of the Council to execute a Subordination <br />Agreement with Citibank, N.A., for the City’s Inclusionary Housing Loan Agreement <br />with Tiny Tim LP, subject to non-substantive changes approved by the City Manager <br />and City Attorney. <br /> <br />*** END OF BUSINESS CALENDAR *** <br /> <br /> <br />COMMENTS <br /> <br />3. HOUSING AUTHORITY MEMBER COMMENTS <br /> <br />AT THIS TIME Housing Authority members may comment on non-agenda matters and ask <br />questions of or give directions to staff. NO action may be taken on non-agenda items unless <br />authorized by law. <br /> <br /> <br />ADJOURNMENT