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the purpose of financing the acquisition and rehabilitation of 703 N. <br />Lacy and 702 S. Raitt. f <br />2. Adopt a resolution approving the issuance of tax exempt bonds for <br />the projects. <br />3. Direct the City Attorney to prepare and authorize the City Manager to <br />execute a loan agreement with Lacy and Raitt, LP for the acquisition <br />and rehabilitation ofi 703 N. Lacy in a total amount not to exceed <br />$1,330,843. <br />4. Direct the City Attorney to prepare and authorize the City Manager to <br />execute a loan agreement with Lacy and Raitt, LP for the acquisition <br />and rehabilitation of 702 S. Raitt in a total amount not to exceed <br />$689,397. <br />5. Adopt a resolution approving the Relocation Plan for the property <br />located at 703 N. Lacy. <br />6. Adopt a resolution approving the Relocation Plan for the property <br />located at 702 S. Raitt. <br />Recommend that the Community Redevelopment Agency: <br />1. Direct the Agency General Counsel to prepare and authorize the <br />Executive Director to execute a Loan agreement with Lacy and Raitt, <br />LP for the acquisition and rehabilitation of 703 N, Lacy in a total <br />amount not to exceed $1,556,217. <br />2. Direct the Agency General Counsel to prepare and authorize the <br />Executive Director to execute a loan agreement with Lacy and Raitt, <br />LP for the acquisition and rehabilitation of 702 5. Raitt in a total <br />amount not to exceed $806,265. <br />3, Adopt a resolution approving the Relocation Plan for the property <br />located at 703 N. Lacy. <br />4. Adopt a resolution approving the Relocation Plan for the property <br />located at 702 S. Raitt. <br />5. Adopt a resolution approving the Replacement Housing Plan for the <br />praperty located at 702 S. Raitt. <br />Recommend that the Housing Authority: <br />CRHC MtIVUT~S 4 aecember'[6, 2008 <br />