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<br />COMMENTS <br /> <br />3. Direct the Agency General Counsel to prepare a loan <br />agreement with Townsend & Raitt, LLC for the acquisition and <br />rehabilitation of residential property located at 834 S. Raitt <br />Street in an amount not to exceed $1,365,662 and authorize the <br />Executive Director or designee to execute all required <br />documents. <br /> <br />MOTION: Alvarez <br /> <br />SECOND: Tinajero <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Benavides, Bustamante, Sarmiento, <br />Tinajero, Pulido (6) <br /> <br />NOES: Martinez (1) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br /> <br />COMMENTS <br /> <br />6. <br /> <br />PUBLIC COMMENTS - None <br /> <br />7. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY <br />COMMENTS - <br /> <br />BOARDMEMBER <br /> <br />None <br /> <br />ADJOURNMENT - 8:33 P.M. <br /> <br /> <br />~C!: <br /> <br />Patricia E. Healy <br />Recording Secretary <br /> <br />eRA MINUTES <br /> <br />5 <br /> <br />JANUARY 7,2008 <br />