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2. Authorize the City Manager to execute a Neighborhood Stabilization <br />Program application for grant funds in the amount of $5,795,151. <br />3, Approve an Appropriation Adjustment recognizing $5,795,151 in <br />Neighborhood Stabilization Program grant funds and appropriating <br />the same. <br />4. Adopt Neighborhood Stabilization Program guidelines, <br />5. Authorize the issuance of a Request for Proposals for program <br />Intermediaries. <br />6. Authorize the City Manager, or his designee, to negotiate and enter <br />into any necessary contracts andlor agreements to implement the <br />Downpayment Assistance Program. <br />Recommend that the Community Redevelopment Agency: <br />1. Adopt Neighborhood Stabilization Program Mortgage Assistance <br />Program. <br />Z. Authorize the Executive Director to execute all documents relating <br />thereto. <br />MOTION: Bist SECOND; Viliase~or <br />VOTE; AYES: Bist, Stroud, Vasquez, Verino, Villaser~or <br />(5} <br />NOES: None (0) <br />ABSTAIN; None (0} <br />ABSENT: Reyna (1 } <br />MISCELLANEOUS ADMINISTRATION <br />3. EXCUSED ABSENCES <br />Excuse the absence of Commissioner Reyna from the Regular Meeting <br />of November 4, 20x8. <br />MOTION: Stroud <br />SECOND: Vasquez <br />CRHC MINUTES 3 November 4, 2008 <br />