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DRAFT MINUTES OF THE JOINT SESSION OF THE CITY COUNCIL AND <br />THE SPECIAL HOUSING AUTHORITY <br />SANTA ANA, CALIFORNIA <br />September 17, 2019 <br />HOUSING AUTHORITY SPECIAL MEETING - SEPTEMBER 17, 2019 <br />CALL TO ORDER CHAIRPERSON PULIDO <br />PUBLIC COMMENT ON AGENDA ITEMS AND ITEMS OF PUBLIC INTEREST - (Refer <br />to page 2 "Public Input" for description.) <br />CONSENT CALENDAR <br />MOTION: Approve staff recommendation on Consent Calendar Item: 1. <br />1. EXCUSED ABSENCES <br />Excuse the Housing Authority Member Sarmiento. <br />END OF CONSENT CALENDAR <br />BUSINESS CALENDAR <br />JOINT SESSION OF THE CITY COUNCIL AND THE HOUSING AUTHORITY <br />AGENCY <br />2. JOINT SESSION — APPROVE AMENDED AND <br />RESTATED AFFORDABLE HOUSING LOANS AND <br />SUBORDINATION AGREEMENTS FOR THE <br />REHABILITATION OF CORNERSTONE APARTMENTS <br />{STRATEGIC PLAN NO. 4, 51 <br />HOUSING AUTHORITY <br />1.Authorize the Executive Director of the Housing Authority to execute an Amended and <br />Restated Loan Agreement with Cornerstone Housing Partners LP (c/o Jamboree <br />Housing Corporation) for $2,054,327 in Housing Successor Agency funds by <br />consolidating and replacing thirty-three existing Housing Successor Agency loans in <br />order to rehabilitate 126 units of existing affordable housing at 805, 810, 815, 816, 825, <br />828, 835, and 904 S. Minnie Street, Santa Ana, California, subject to non -substantive <br />changes approved by the Executive Director and Authority General Counsel. <br />DRAFT HOUSING AUTHORITY MINUTES 1 September 17, 2019 <br />1-1 <br />