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REOUESTFOR <br />COUNCIUAGENCY <br />ACTION <br />MEETING DATE: <br />DECEMBER 20, 2004 <br />^, Li: <br />LOAN AGREEMENTS WITH WAKEHAM- <br />GRANT, LP <br />' "ta% <br />tid�cat� <br />CITY MANAGER EXECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />Qq <br />As Recommended io'O, <br />❑ <br />As Amended r L)Il do <br />❑ <br />Ordinance on 1 st Reading <br />❑ <br />Ordinance on 2nd Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />CITY COUNCIL ACTION <br />1. Approve an agreement with Wakeham -Grant Apartments, a California <br />Limited Partnership, to provide loans in an amount not to exceed <br />$1,200,000. <br />2. Direct the City Attorney to prepare and authorize the Executive <br />Director of the Community Development Agency to execute agreements <br />and all other required documents as necessary. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Approve an agreement with Wakeham -Grant Apartments, a California <br />Limited Partnership, to provide loans in an amount not to exceed <br />$1,200,000. <br />2. Direct the Agency General Counsel to prepare and authorize the <br />Executive Director of the Community Development Agency to execute <br />agreements and all other required documents as necessary. <br />yy 6 <br />