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<br />. <br /> <br />. <br /> <br />. <br /> <br />2. <br /> <br />REQUEST TO ENTER INTO EXCLUSIVE NEGOTIATIONS WITH SECOND STREET <br />EAST, LLC FOR THE REHABILITATION OF ARTIST STUDIOS LOCATED AT 202 <br />EAST SECOND STREET <br /> <br />Chairman Pulido comm'~nted on his potential conflict of interest due to <br />the location of his business and departed at 7:11 p.m. vice Chairman <br />Richardson then took charge of this portion of the meeting. <br /> <br />Executive Director Cindy Nelson made staff presentation, followed by a <br />brief project overview by Arthur Strock. <br /> <br />Three written comments of support were received from Tim Rush, Joan <br />Ramirez, and Don Cribb; and Matthew Cruz commented on his support of <br />project. <br /> <br />Florence Leach requested Agency not vote on proposal but to defer <br />pending appraisal. <br /> <br />Sean Mill requested Agency deny action as it is an excessive risk. <br /> <br />Substitute <br />Motion: To deny request for terms for a Commercial Rehabilitation <br />Loan Agreement. <br /> <br />MOTION: <br /> <br />Moreno <br /> <br />SECOND: <br /> <br />Espinoza <br /> <br />VOTE: <br /> <br />AYES: Moreno, Espinoza <br />NOES: Franklin, Lutz, McGuigan, Richardson <br /> <br />ABSENT: <br /> <br />Pulido <br /> <br />The Substitute Motion failed. <br /> <br />Motion: <br /> <br />Authorize the Executive Director of the Redevelopment Agency <br />to negotiate with Second Street East, LLC the terms for a <br />Commercial Rehabilitation Loan Agreement in an amount not to <br />exceed $750,000 for artists' studios located at 202 East <br />Second Street. <br /> <br />MOTION: <br /> <br />Franklin <br /> <br />Lutz <br /> <br />SECOND: <br /> <br />VOTE: <br /> <br />AYES: Franklin, Lutz, MCGuigan, Richardson <br />NOES: Espinoza, Moreno <br /> <br />ABSENT: <br /> <br />Pulido <br /> <br />ORAL COMMUNICATIONS/PUBLIC COMMENTS <br /> <br />None <br /> <br /> <br />p.m. <br /> <br />~~ <br /> <br />Cynth~a J. N~son, Executive Director <br /> <br />REDEVELOPMENT AGENCY MINUTES <br /> <br />-3- <br /> <br />MAY 5, 1997 <br />