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<br />. <br /> <br />. <br /> <br />. <br /> <br />The Notice of Adjournment for the July 7, 1997 Adjourned <br />Regular Meeting of the community Redevelopment Agency was <br />posted on the door of the Council Chambers, 22 civic Center <br />Plaza at 9:45 a.m. on July 8, 1997. <br /> <br />BUSINESS CALENDAR <br /> <br />1. <br /> <br />AMENDMENT TO LEASE WITH TALLER SAN JOSE <br /> <br />Motion: <br /> <br />Direct the Agency Attorney to prepare, and authorize the <br />Chairman and the Executive Director to execute, an amendment <br />to the Lease Agreement with Taller San Jose. <br /> <br />MOTION: <br /> <br />McGuigan <br /> <br />Espinoza <br /> <br />SECOND: <br /> <br />VOTE: <br /> <br />AYES: Espinoza, Franklin, Lutz, McGuigan, Moreno, <br />Pulido, Richardson <br />NOES: None <br /> <br />ABSENT: <br /> <br />None <br /> <br />2. <br /> <br />REQUEST TO ENTER INTO A REHABILITATION AGREEMENT AND LOAN <br />GUARANTEE WITH SECOND STREET EAST, LLC FOR THE REHABILITATION OF <br />ARTIST STUDIOS LOCATED AT 202 EAST SECOND STREET <br /> <br />Chairman Pulido departed meeting at 6:32 p.m. Vice Chairman Richardson <br />then chaired this portion of the meeting. <br /> <br />Agency Members Moreno and Espinoza raised their concerns regarding the <br />loan stating that it is a risk to the city, and further commented they <br />did not support the development of additional apartment units. <br /> <br />Motion: <br /> <br />Authorize the City Attorney to prepare and the Chairman of <br />the Redevelopment Agency to execute a Commercial <br />Rehabilitation Loan Agreement with Second Street East, LLC in <br />an amount not to exceed $750,000 for artists studios located <br />at 202 East Second Street. <br /> <br />MOTION: <br /> <br />Franklin <br /> <br />SECOND: <br /> <br />Lutz <br /> <br />VOTE: <br /> <br />AYES: Franklin, Lutz, McGuigan, Richardson <br />NOES: Espinoza, Moreno <br /> <br />ABSENT: <br /> <br />None <br /> <br />ORAL COHHUNICATIONS/PUBLIC COMMENTS <br /> <br />None <br /> <br /> <br />g adjourned at 6:54 p.m. <br /> <br />~.~ <br /> <br />cynth~a J. Nelson, Execut~ve <br /> <br />Director <br /> <br />IŒDEVELOPMEN'l' AGENCY MINUTES <br /> <br />-2- <br /> <br />JULY 21, 1997 <br />