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<br />JOINT SESSION <br />CITY COUNCIL 1 COMMUNITY REDEVELOPMENT AGENCY <br /> <br />BUSINESS CALENDAR <br /> <br />Matters listed on the Business Calendar are generally proposals <br />for new legislation or items requiring discussion. <br /> <br />4. <br /> <br />LOAN AGREEMENT WITH ORANGE HOUSING DEVELOPMENT <br />CORPORATION AND AUTHORIZATION OF RELOCATION PLAN <br /> <br />CITY COUNCIL ACTION <br /> <br />Motions: 1. <br /> <br />Direct the City Attorney to prepare a loan agreement with <br />Orange Housing Development Corporation for the acquisition <br />of a 24 unit multi-family property located at 901 E. Sixth Street <br />in an amount not to exceed $1,300,000 and authorize the <br />Executive Director of the Community Development Agency or <br />designee to execute all required documents. <br /> <br />2. <br /> <br />Adopt a resolution approving the Relocation Plan for <br />residential property located at 901 E. Sixth Street. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />Motion: <br /> <br />Direct the Agency General Counsel to prepare a loan agreement with <br />Orange Housing Development Corporation for the acquisition of a 24 <br />unit multi.family property located at 901 E. Sixth Street in an amount <br />not to exceed $2,607,500 and authorize the Executive Director of the <br />Community Development Agency or designee to execute all <br />documents as necessary. <br /> <br />CRAAGENDA <br /> <br />4 <br /> <br />JANUARY 18, 2005 <br />