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<br />JOINT SESSION COUNCIL/CRA <br /> <br />MOTION: Sanniento <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Benavides, Bustamante, Martinez, <br />Sanniento, Tinajero, Pulido (7) <br /> <br />NOES: None (0) <br /> <br />ABSTAIN: None (0) <br /> <br />ABSENT: None (0) <br /> <br />THE COMMUNITY REDEVELOPMENT AGENCY RECESSED TO A JOINT SESSION <br />BETWEEN CITY COUNCIL, COMMUNITY REDEVELOPMENT AGENCY, AND <br />HOUSING AUTHORITY AT 6:57 P.M. <br /> <br />PUBLIC HEARINGS <br /> <br />4. <br /> <br />JOINT PUBLIC HEARING - TAX EXEMPT BOND FINANCING AND <br />LOAN AGREEMENTS WITH LACY AND RAITT, LP (703 N. LACY/702 S. <br />RAITT) <br /> <br />Legal notice was published in the Oranae County Reqister on December <br />15, 2008. <br /> <br />Legal notice was published in the O. C. Reporter on December 15, 2008, <br />(Notice of Consideration and Action on the Proposed Replacement <br />Housing Plan for property at 702 S. Raitt, Santa Ana) <br /> <br />Mayor Pulido and Mayor Pro tem Alvarez abstained from Item 4 due to <br />receipt of recent campaign contributions from the applicant and left <br />the dais. Councilmember Benavides abstained from this item due to <br />the proximity of the project to his home, and left the dais. <br />Councilmember Bustamante assumed the Chair. <br /> <br />Motion: <br /> <br />1. Direct the Agency General Counsel to prepare and authorize the <br />Executive Director to execute a loan agreement with Lacy and <br />Raitt, LP for the acquisition and rehabilitation of 703 N. Lacy in a <br />total amount not to exceed $1,556,217. <br /> <br />2. Direct the Agency General Counsel to prepare and authorize the <br />Executive Director to execute a loan agreement with Lacy and <br />Raitt, LP for the acquisition and rehabilitation of 702 S. Raitt in a <br />total amount not to exceed $806,265. <br /> <br />eRA MINUTES <br /> <br />3 <br /> <br />JANUARY 5, 2009 <br />