2002-06-03 - Laserfiche WebLink

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PUBLIC HEARINGS * Per his request, Mayor Pulido is recorded as an abstention on any budget line Item related to the Cornerstone Village project * Councilmember Christy voted no on any Water Meter Rate increases in the Miscellaneous Fees Resolution COUNCIL RECESSED TO THE COMMUNITY REDEVELOPMENT AGENCY AT 10:45 P.M. FOLLOWED BY A JOINT CITY COUNCIL AND COMMUNITY REDEVELOPMENT AGENCY MEETING AT 10:47 P.M. ** JOINT COMMUNITY REDEVELOPMENT / CITY COUNCIL ACTION ** 25.J. LOAN AGREEMENT WITH ORANGE HOUSING DEVELOPMENT CORPORATION City Council Action Motion: 1. Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute agreement. AGMT NO. 2002-096 - Direct the City Attorney to prepare loan agreements with Orange Housing Development Corporation for the acquisition and rehabilitation of five multi-family properties for the Minnie Street Apartments II project in an amount not to exceed $1,500,000.00 and authorize the Executive Director of the Community Redevelopment Agency to execute all documents as necessary Authorize the transfer of the unexpended allocation of HOME funds from Orange Housing Development Corporation's Minnie Street Apartments I project to the Minnie Street Apartments II project Community Redevelopment Aoencv Action Direct the Agency General Counsel to prepare loan agreements with Orange Housing Development Corporation for the acquisition and rehabilitation of five multi-family properties for the Minnie Street Apartments II project in an amount not to exceed $640,000.00 and authorize the Executive Director to execute all documents as necessary - Community Development Agency MOTION: Christy SECOND: Bist CITY COUNCIL MINUTES 214 JUNE 3, 2002