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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 SECOND: Tinajero <br />VOTE: AYES: Amezcua, Benavides, Pulido, Reyna, Sarmiento, <br />Tinajero (6) <br />NOES: Martinez (1) <br />ABSTAIN: None (0) <br />ABSENT: 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 SECOND: Martinez <br />VOTE: AYES: Amezcua, Benavides, Martinez, Pulido, Reyna, <br />Sarmiento, Tinajero (7) <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br />CITY COUNCIL MINUTES 13 FEBRUARY 2, 2016 <br />