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<br />MOTION: Bustamante <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Bustamante, Pulido (4) <br /> <br />NOES: None (0) <br />ABSTAIN: None (0) <br /> <br />ABSENT: Christy, Garcia, Solorio (3) <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />2. LOAN AGREEMENT. SECURED, INTEREST BEARING LOAN TO NDC <br />SKYLINE ASSOCIATES, LLC. <br /> <br />Motion: Direct the General Counsel to prepare and authorize the Executive <br />Director and Secretary to execute a loan agreement with Curtis R. <br />Olson for a loan of $860,000, including interest, to assist in funding <br />building permit fees for the Lake Towers component of the <br />MacArthur Place South project. <br /> <br />MOTION: Bustamante <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Bustamante, Pulido (4) <br /> <br />NOES: None (0) <br />ABSTAIN: None (0) <br /> <br />ABSENT: Christy, Garcia, Solorio (3) <br /> <br />ADJOURNMENT - 12:45 P.M. <br /> <br /> <br />CITY COUNCIL,CRA MINUTES <br /> <br />187 <br /> <br />JUNE 9, 2006 <br />