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**JOINT COMMUNITY REDEVELOPMENT AGENCY AND CITY COUNCIL ITEM** <br /> <br />25.L. <br /> <br />LOAN AGREEMENT WITH WAKEHAM-GRANT LP AND AMENDMENT <br />TO CORNERSTONE VILLAGE LOAN PROGRAMS <br /> <br />Motion: <br /> <br />City Council Actions <br /> <br />AGMT NO. 2001-247 - Approve an agreement with Wakeham.Grant <br />Apartments, a California Limited Partnership, to provide loans for <br />acquisition of multifamily properties in the Cornerstone Village <br />area not to exceed $150,000.00 <br /> <br />AGMT NO. 2001-248 - Direct the City Attorney to prepare and <br />authorize the Executive Director of the Community Development <br />Agency to execute agreements and all other required documents <br />necessary. <br /> <br />3. Amend the Cornerstone Village Loan Programs to modify the <br /> terms of the loans. <br /> <br />Redevelopment Agency Action <br /> <br /> 1. Amend the Cornerstone Village Loan Programs to modify the <br /> <br /> terms of the loans. <br />MOTION: Alvaraz <br /> <br />VOTE: AYES: <br /> NOES: <br />ABSENT: <br /> <br />SECOND: Christy <br /> <br />Alvarez, Bist, Chdsty, Franklin, McGuigan, <br />Solorio (6) <br />None (0) <br /> <br />Pulido (1) <br /> <br />Applicant: Wakeham-GrantApartments, LP <br /> <br />COUNCIL RECESSED TO THE COMMUNITY REDEVELOPMENT AGENCY AT <br />10:55 P.M. IMMEDIATELY FOLLOWED BY THE HOUSING AUTHORITY AT 11:06 <br />P.M. <br /> <br />COUNCIL RECONVENED AT 11:10 P.M. WITH THE SAME COUNCILMEMBERS <br />PRESENT <br /> <br />CITY COUNCIL MINUTES 448 DECEMBER 3, 2001 <br /> <br /> <br />