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~' 4. 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 821 S, Townsend Street in an <br />amount not #o exceed $1,436,203 and authorize the Executive <br />Director or designee to execu#e all required documents. <br />5, 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 834 S. Raitt Street in an amount <br />not to exceed $'1,365,662 and authorize the Executive Director or <br />designee to execute all required documents. <br />MOTION; Stroud SECOND: Villase~ior <br />VOTE: AYES: Stroud, Vlllasenor {2}; Advisory - Motas <br />(1 } <br />NOES: Pedroza, Rodriguez, Vasquez {3} <br />ABSTAIN: None {0) <br />ABSENT: Turner {1) <br />Motion failed. <br />Item taken out of order. <br />4. ELECTION OF CHAIRPERSON FOR THE COMMUNITY REDEVELOPMENT <br />AND HOUSING COMMISSION FOR THE REMAINDER OF THE 2007-2008 <br />TERM -- Lisa Storck <br />Continued from the October ~ 6, 2007, Community Redevelopment and <br />Housing Commission meeting by a vote of 4:0 {Pedroza, Turner absent). <br />Commissioner Rodriquez nominated Commissioner Vasquez to serve as <br />Chairperson for the remainder of the 2007-2008 term. There were no other <br />nominations. The nomination was unanimously approved. <br />Motion: Elect Deborah M. Vasquez as Chairperson of the Community <br />Redevelopment and Housing Commission to serve for the remainder of <br />the 2007-2008 term beginning December 3, 2007. <br />CRHC MINUTES 7 November 20, 2007 <br />