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<br />REQUEST FOR <br />COUNCIUAGENCY <br />ACTION <br />MEETING DATE: <br /> <br />~ <br />~ <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />DECEMBER 20, 2004 <br /> <br />TITLE: <br /> <br />APPROVED <br />o As Recommended <br />o As Amended <br />o Ordinance on 1 st Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />LOAN AGREEMENTS WITH ORANGE <br />HOUSING DEVELOPMENT CORPORATION <br />AND AUTHORIZATION OF RELOCATION <br />PLAN <br /> <br /> <br />~Ui <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />CITY COUNCIL ACTION <br /> <br />1. Direct the City Attorney to prepare loan agreements with Orange <br />Housing Development Corporation for the acquisition and <br />rehabilitation of four multi-family properties located at 1029, <br />1101, 1122 and 1126 South Minnie Street in an amount not to exceed <br />$2,900,000 and authorize the Executive Director of the Conununity <br />Development Agency to execute all required documents. <br /> <br />2. Adopt a resolution approving the Relocation Plan for residential <br />properties located at 1029, 1101, 1122 and 1126 South Minnie Street. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />1. Direct the Agency General Counsel to prepare loan agreements with <br />Orange Housing Development Corporation for the acquisition and <br />rehabilitation of four multi-family properties located at 1029, <br />1101, 1122 and 1126 South Minnie Street in an amount not to exceed <br />$4,500,000 and authorize the Executive Director to execute all <br />documents as necessary. <br /> <br />2. Authorize payments as identified in the Relocation Plan. <br /> <br />250-1 <br />