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Councilmember Hernandez spoke in support of the item. <br /> Mayor Pro Tem Penaloza asked for clarification regarding the market rate refund <br /> in the event the property is sold. <br /> Director Garcia clarified the Buyer shall be required to re-pay the Economic <br /> Development Subsid if the property is sold within 30 years. <br /> Mayor Pro Tem Penaloza opened the Public Hearing at 7:56 P.M. <br /> City Clerk Jennifer L. Hall announced there were two (2) email comments <br /> received. <br /> The following individuals addressed the City Council in-person: <br /> 1. Ricardo Muniz spoke in support of the item. <br /> 2. Ana Lety Hernandez (translation: Spanish) spoke in support of the item. <br /> 3. Maria Andrade (translation: Spanish) spoke in support of the item and the <br /> origin of the name for the property, La Colmena. <br /> 4. Luis Sarmiento spoke in support of the item and requested an amendment <br /> to allow the buyer decision-making power on new vendors or uses. <br /> 5. Laura Pantoja (translation: Spanish) spoke in support of the item. <br /> The following individuals addressed the City Council via teleconference: <br /> 6. Ana Urzua spoke in support of the item and requested an amendment <br /> to allow the buyer decision-making power on new vendors or uses. <br /> 7. Karla Juarez spoke in support of the item and requested an amendment <br /> to allow the buyer decision-making power on new vendors or uses. <br /> Mayor Pro Tem Penaloza closed the Public Hearing at 8.21 P.M. <br /> Councilmember Vazquez asked for clarification regarding the approval of the <br /> tenants. <br /> City Manager Alvaro Nunez clarified the agreement pertains solely to a land use <br /> agreement and does not relate to certificates of occupancy. <br /> CITY COUNCIL 11 FEBRUARY 17, 2026 <br />