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6. Direct the City Attorney to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of <br />residential property located at 834 S. Raitt Street in an amount not <br />to exceed $545,712 and authorize the Deputy City Manager for <br />Development Services or designee to execute all required <br />documents. <br />7. Adopt a resolution approving the Relocation Plan for residential <br />properties located at 817 and 821 S. Townsend Street, and 834 S. <br />Raitt Street, <br />MOTION: Stroud SECOND: Villasef"ior <br />VOTE: AYES: <br />NOES: <br />Stroud, Villase~ior (2) <br />Pedroza, Rodriguez, <br />Advisory - Motas (1) <br />ABSTAIN: <br />ABSENT: <br />Motion failed. <br />None (0} <br />Turner (1) <br />COMMUNITY REDEVELOPMENT AGENCY ACTION: <br />Recommend that the Community Redevelopment Agency: <br />Vasquez (3); <br />1. Direct the Agency General Counsel to prepare a loan agreement <br />with Townsend & Rait#, LLC for the acquisition and rehabilita#ion <br />of residential property located at 701 S. Townsend Street in an <br />amount not to exceed $1,200,326 and authorize the Executive <br />Director or designee to execute all required documents. <br />2. Direct the Agency General Counsel to prepare a loan agreement <br />with Townsend & Raitt, LLC for the acquisition and rehabilitation <br />of resldential property located at 709 S, Townsend Street in an <br />amount not to exceed $1,063,898 and authorize the Executive <br />Director or designee to execute all required documents. <br />3. Direct the Agency General Counsel to prepare a loan agreement <br />with Townsend & Raitt, LLC for the acquisition and rehabilitation <br />of residential property located at 817 S. Townsend Street in an <br />amount not to exceed $1,333,201 and authorize the Executive <br />Director or designee to execute all required documents, <br />CRHC MINUTES 6 November 20, 2007 <br />