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authorize the Executive Director of the Community <br />Development Agency to execute all required documents. <br />b) Adopt a resolution approving the Relocation Plan for <br />residential properties located at 1029, 1101, 1122 and <br />1126 South Minnie S#reet. <br />2. Recommend that the Community Redevelopment Agency: <br />a) Direct the Agency General Counsel to prepare loan <br />agreements with Orange Housing Development <br />Corporation for the acquisition and rehabilitation of four <br />multi-family properties located at 1029, 1101, 1122 and <br />1126 South Minnie Street in an amount not to exceed <br />$4,500,000 and authorize the Executive Director to <br />execute all documents as necessary. <br />b) Authorize payments as identified in the Relocation Plan. <br />MOTION: Turner SECOND: Betancourt <br />VOTE: AYES: Betancourt, Leon, Macres, Sarmiento, <br />Turner ~5), Advisory -Garcia <br />NOES: None (0) <br />ABSENT: Rodriguez ('I } <br />6. LOAN AGREEMENTS WITH WAKEHAM-GRANT, LP (Shelly Landry- <br />Bayle) <br />Lawrence Herman, Senior Project Manager for Jamboree Housing <br />Corporation, provided a PowerPoint presentation relating #o the mold <br />damage. Laura Archuleta, President of Jamboree Housing Corporation, <br />provided a history of the rehabilitation project prior to Jamboree's <br />involvement and answered Commissioners' questions. <br />Motions: 1. Recommend that the City CounciL• <br />a} Approve an agreement with Wakeham-Grant <br />Apartments, a California [_imited Partnership, to provide <br />loans in an amount not to exceed $1,200,000. <br />CRHC MINUTES 5 DECEMBER 7, 2004 <br />