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<br />. <br /> <br />. <br /> <br />. <br /> <br />BUSINESSS CALENDAR <br /> <br />JOINT COMMUNITY REDEVELOPMENT AGENCY I CITY COUNCIL SESSION <br /> <br />3. <br /> <br />LOAN AGREEMENT WITH WAKEHAM-GRANT, LP AND AMENDMENT <br />TO CORNERSTONE VILLAGE LOAN PROGRAMS <br /> <br />Community Redevelopment Aaencv Action: <br /> <br />Motion: Amend the Cornerstone Village loan programs to modify the terms of <br />the loans. <br /> <br />City Council Actions: <br /> <br />Motions: 1. Approve an agreement with Wakeham-Grant Apartments, a <br />California Limited Partnership, to provide loans for the <br />acquisition of multi-family properties in the Cornerstone Village <br />project area not to exceed $150,000. <br /> <br />2. Direct the City Attorney to prepare, and authorize the Executive <br />Director of the Community Development Agency to execute <br />agreements and all other required documents as necessary. <br /> <br />3. Amend the Cornerstone Village loan. programs to modify the <br />terms of the loans. <br /> <br />MOTION: Alvarez <br />VOTE: AYES: <br /> NOES: <br />ABSENT: <br /> <br />Christy <br /> <br />SECOND: <br /> <br />Alvarez, Bist, Christy, Franklin, McGuigan, <br />Solorio (6) <br />None (0) <br /> <br />Pulido (1) <br /> <br />CRA MINUTES <br /> <br />3 <br /> <br />DECEMBER 3, 2001 <br />