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<br />JOINT SESSION <br /> <br />ABSTAIN: Martinez (1) <br /> <br />ABSENT: None (0) <br /> <br />The motion failed by a 3-2 vote because approval of the project required the affirmative <br />vote of 4 members of the City Council on the joint matter <br /> <br />COUNCIL RECESSED TO A JOINT SESSION BETWEEN THE CITY COUNCIL AND <br />COMMUNITY REDEVELOPMENT AGENCY AND HOUSING AUTHORITY 7:29 P.M. <br /> <br />PUBLIC HEARINGS <br /> <br />7. PUBLIC HEARING - MORTGAGE REVENUE BOND INDUCEMENT AND <br />TEFRA ON ISSUANCE OF TAX-EXEMPT BONDS AND LOAN <br />AGREEMENTS WITH WILSHIRE/MINNIE, L.P. <br /> <br />At its Regular Meeting of December 5, 2006, the Community <br />Redevelopment and Housing Commission voted 6:0 (Turner absent) to <br />continue this item to a Special Meeting on December 13, 2006. <br /> <br />Recommended actions approved by the Community Redevelopment and <br />Housing Commission at its Special Meeting of December 13, 2006, by a <br />vote of 6:0 (Turner absent). <br /> <br />Legal notice published in the Orange County Register on December 1, <br />2006. <br /> <br />Staff presentation by Stephen Harding, Executive Director Community <br />Redevelopment Agency <br /> <br />Public Speakers: Victoria Zaragoza, Barry Cottle (applicant) <br /> <br />Public Hearing Closed <br /> <br />Written Communication - None <br /> <br />Recommended Action: <br /> <br />Direct the Agency General Counsel to prepare and authorize the <br />Executive Director to execute loan agreements for the acquisition <br />and rehabilitation of 1201, 1209, 1213, 1221, 1225, 1229, and 1233 <br />East Wilshire and 1401, 1403, 1409, 1413, 1421, 1425, 1429, 1433, <br />1437, and 1439 South Minnie with Wilshire/Minnie, L.P. in a total <br />amount not to exceed $8.1 million. <br /> <br />CRA MINUTES <br /> <br />4 <br /> <br />DECEMBER 18, 2006 <br />