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<br />2. PUBLIC EMPLOYEE EVALUATION OF PERFORMANCE, pursuant to Section <br />54957(b)(1) of the Government Code: <br /> <br /> Title: Interim City Manager <br /> <br /> <br />ADJOURN CLOSED SESSION AND CONVENE TO THE REGULAR OPEN SESSION. <br /> <br /> <br /> <br />OPEN SESSION <br /> <br /> <br /> <br />CLOSED SESSION REPORT - The City Attorney will report on any action(s), as legally required. <br /> <br /> <br />REPORT <br /> <br />65A. DISCUSSION ON FOUR AFFORDABLE HOUSING DEVELOPMENT <br />PROJECTS AND OPTIONS FOR CITY FINANCIAL ASSISTANCE {STRATEGIC <br />PLAN NO. 5, 3C} - Community Development Agency <br /> <br /> RECOMMENDED ACTIONS: <br /> <br /> <br />1.As recommended by the Ad Hoc Committee, discuss the various Affordable <br />Housing Development projects requesting City financial assistance and seek <br />City Council direction on the allocation of current and available affordable <br />housing development funds. Following are options for City Council <br />discussion and consideration: <br /> <br /> <br />A)Santa Ana Arts Collective, Meta Housing Corporation: <br /> <br />Option #1: Amend the project’s original award by an additional amount <br />up to $2.9 million per Keyser Marston Associates gap analysis <br />report. <br /> <br />Option #2: Amend the project’s original award by an additional amount <br />up to $1,481,215, per CSG Advisors gap analysis report. City <br />financial assistance to be negotiated by CSG Advisors and <br />Meta Housing. <br /> <br />Option #3: Take no additional action to fund the project at this time. <br /> <br /> <br />B)First Street Apartments, AMCAL Multi-Housing: <br /> <br />Option #1: Award of affordable housing development funds for an amount <br />up to $8,522,740, per CSG Advisors gap analysis report. <br /> <br />SPECIAL CITY COUNCIL MEETING 2 JUNE 1, 2017 <br /> <br />