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City Council adopted a resolution of the City's intent to vacate on March 19, 2019 by a vote <br /> of 5-0 (Sarmiento absent, Ward 4 vacant). Legal Notice published in the Orange County <br /> Reporter on April 5, 2019 and April 12, 2019. <br /> RECOMMENDED ACTION. Adopt a resolution. <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br /> VACATING A PORTION OF FIFTH STREET BETWEEN SUNSET STREET AND <br /> HAWLEY STREET (ABANDONMENT NO. 19-01) <br /> JOINT SESSION OF THE CITY COUNCIL AND THE HOUSING AUTHORITY <br /> 80A. JOINT SESSION - APPROVE TWO LOAN AGREEMENTS WITH TINY TIM LP FOR THE TINY <br /> TIM PLAZA AFFORDABLE HOUSING PROJECT-GRANT FUNDED {STRATEGIC PLAN NO 5, <br /> 31 —Community Development Agency <br /> CITY COUNCIL ACTION <br /> RECOMMENDED ACTION.• <br /> 1. Authorize the City Manager and the Clerk of the Council to execute a Loan <br /> Agreement with Tiny Tim LP (c/o Community Development Partners) for <br /> $1,300,000 in Inclusionary Housing Funds to create 51 units of affordable <br /> housing at 2223 West Fifth Street in Santa Ana, subject to non-substantive <br /> changes approved by the City Manager and City Attorney (AGMT. No. 2019- <br /> XXX). <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 <br /> Agreement with Tiny Tim LP, subject to non-substantive changes approved by <br /> the City Manager and City Attorney (AGMT. No. 2019-XXX). <br /> HOUSING AUTHORITY ACTION <br /> RECOMMENDED ACTION.• <br /> 1. Authorize the Executive Director of the Housing Authority and the Recording <br /> Secretary to execute a Loan Agreement with Tiny Tim LP (c/o Community <br /> Development Partners) for $4,700,000 in Low and Moderate Income Housing <br /> Asset Funds to create 51 units of affordable housing at 2223 West Fifth Street in <br /> Santa Ana, subject to non-substantive changes approved by the Executive <br /> Director and Authority General Counsel. <br /> 2. Authorize the Executive Director of the Housing Authority and the Recording <br /> Secretary to execute a Subordination Agreement with Citibank, N.A., for the <br /> Housing Authority's Loan Agreement with Tiny Tim LP, subject to non- <br /> CITY COUNCIL AGENDA 6 APRIL 16,2019 <br />