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55C. APPROVAL OF LOAN AGREEMENTS, RESOLUTION, AND APPROPRIATION <br />ADJUSTMENT FOR THE SANTA ANA ARTS COLLECTIVE {STRATEGIC <br />PLAN NOS. 5,3A; 5,3C} - Community Development Agency <br />MOTION: <br />1. AGMT NO. 2017-173 - Authorize the City Manager and the Clerk of the <br />Council to execute an amended and restated Community Development <br />Block Grant and Inclusionary Housing Funds loan agreement with Santa <br />Ana Arts Collective, L.P. for an additional $2,900,000 in Inclusionary <br />Housing Funds as approved by City Council on June 20, 2017 for a total <br />loan amount not to exceed $5,275,000, subject to non -substantive <br />changes approved by the City Manager and City Attorney. <br />2. AGMT NO. 2017-174 - Authorize the City Manager and the Clerk of the <br />Council to execute a loan agreement with Santa Ana Arts Collective, L.P. <br />for $2,219,760 in HOME Investment Partnerships Program funds as <br />approved by City Council on November 3, 2015, subject to non - <br />substantive changes approved by the City Manager and City Attorney. <br />3. Adopt a resolution. <br />RESOLUTION NO. 2017-048 - A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AUTHORIZING THE CITY MANAGER TO <br />ENTER INTO AGREEMENTS WITH THE STATE OF CALIFORNIA <br />DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (HCD) <br />FOR AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES <br />(AHSC) PROGRAM GRANT FUNDING (AGMT NOS. 2017-177 AND <br />2017-179) <br />4. AGMT NO. 2017-175 - Authorize the City Manager and the Clerk of the <br />Council to execute a Subordination Agreement with Bank of America, <br />N.A. for the amended and restated Inclusionary Housing and Community <br />Development Block Grant loan agreement and the HOME Investment <br />Partnerships Program loan agreement, subject to non -substantive <br />changes approved by the City Manager and City Attorney. <br />5. Approve an appropriation adjustment. (Requires five affirmative votes) <br />APPROPRIATION ADJUSTMENT NO. 2018-007 - Recognizing Affordable <br />Housing and Sustainable Communities Program grant funds in the amount of <br />$1,288,000 in revenue account no. and appropriating same to the Affordable <br />Housing Sustainable Communities Program expenditure account no. for the <br />Bush Street Bicycle Boulevard project <br />MOTION: Benavides SECOND: Pulido <br />1 OA -21 <br />CITY COUNCIL MINUTES 21 JULY 5, 2017 <br />