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along with a six -month extension exercisable on a month to month <br />basis for the period September 1, 2016 through February 28, 2017 <br />upon approval by both the City Manager and City Attorney for a total <br />amount of $2,040,000; subject to non - substantive changes approved <br />by the City Manager and City Attorney. <br />MOTION: Benavides <br />VOTE: AYES: <br />NOES: <br />ABSTAIN <br />ABSENT: <br />25B. <br />SECOND: Tinajero <br />Amezcua, Benavides, Pulido, Reyna, Sarmiento, <br />Tinajero (6) <br />Martinez (1) <br />None (0) <br />None (0) <br />Mayor Pro Tern Sarmiento, asked if Council had considered matter earlier. <br />Community Development Agency Executive Director Kelly Reenders noted that <br />City Council had approved a pre- commitment and now funds under Community <br />Development Block Grant considered; will consider HOME funds in near future; <br />total of 57 units at site on corner of 17th and Main Street. <br />MOTION: Authorize the City Manager and the Clerk of the Council to <br />execute a single loan agreement with Santa Ana Arts Collective, LP for <br />$500,000 in Community Development Block Grant funds and $1,875,000 in <br />Inclusionary Housing Funds for a total combined amount not to exceed <br />$2,375,000; subject to non - substantive changes approved by the City <br />Manager and City Attorney. <br />MOTION: Sarmiento <br />VOTE: AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />SECOND: Martinez <br />Amezcua, Benavides, Martinez, Pulido, Reyna, <br />Sarmiento, Tinajero (7) <br />None (0) <br />None (0) <br />None (0) <br />CITY COUNCIL MINUTES 13 FEBRUARY 2, 2016 <br />1 0A -13 <br />