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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />6. <br /> <br />AMENDMENT TO CORNERSTONE VILLAGE IMPROVEMENT <br />PROGRAM AND AUTHORIZATION OF LOAN AGREEMENT WITH <br />WAKEHAM-GRANT, LLP <br /> <br />CITY COUNCIL ACTION <br /> <br />Motions: 1. Adopt a resolution approving amendments to the Cornerstone <br />Village Improvement Program and budget to increase the Public <br />Improvement component in an amount not to exceed $100,000, <br />and to fund fac;ade and courtyard loans for 1105 and 1109 South <br />Minnie Street in an amount not to exceed $97,550. <br /> <br />2. Approve an amendment to the Cornerstone Village Owner <br />Participation Agreement to include rent and occupancy <br />restrictions for three-bedroom units. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />Motions: 1. Adopt Resolution No. 2002-09 approving amendments to the <br />Cornerstone Village Improvement Program and budget to <br />increase the Public Improvement component in an amount not to <br />exceed $100,000, and to fund fac;ade and courtyard loans for 1105 <br />and 1109 South Minnie Street in an amount not to exceed $97,550. <br /> <br />2. Approve an amendment to the Cornerstone Village Owner <br />Participation Agreement to include rent and occupancy <br />restrictions for three-bedroom units. <br /> <br />3. Direct the Agency General Counsel to prepare, and authorize the <br />Executive Director to execute, new loan agreements with <br />Wakeham-Grant, LLP for interior and exterior repairs in an <br />amount not to exceed $80,000. <br /> <br />MOTION: <br /> <br />Solorio <br /> <br />SECOND: <br /> <br />Bist <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Christy, Solorio (4) <br /> <br />NOES: <br /> <br />None (0) <br /> <br />ABSENT: <br /> <br />Franklin, McGuigan, Pulido (3) <br /> <br />CRA MINUTES <br /> <br />7 <br /> <br />OCTOBER 21, 2002 <br />