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1. MEETING MINUTES OF DECEMBER 16, 2017 {STRATEGIC PLAN NO. <br />5,1) <br />MOTION: Approve Minutes. <br />2. EXCUSED ABSENCES — None <br />*** END OF CONSENT CALENDAR *** <br />BUSINESS CALENDAR ITEMS <br />3. HOUSING SUCCESSOR AGENCY FUNDS LOAN AGREEMENT WITH <br />AMCAL MULTI -HOUSING, INC FOR $8,522,740 FOR THE FIRST <br />STREET APARTMENTS PROJECT {STRATEGIC PLAN NO. 5, 3C) <br />MOTION: <br />1. Authorize the City Manager, acting as the Executive Director of <br />the Housing Authority of the City of Santa Ana, or his or her <br />designee to execute a Loan Agreement with AMCAL Multi - <br />Housing, Inc. for $8,522,740 in Housing Successor Agency Funds <br />to create 69 units of affordable housing at 1440 East First Street <br />in Santa Ana, subject to non -substantive changes approved by <br />the City Manager and Authority General Counsel <br />2. Authorize the City Manager, acting as the Executive Director of <br />the Housing Authority of the City of Santa Ana, or his or her <br />designee to execute a Subordination Agreement with Bank of <br />America, N.A., for the Loan Agreement with AMCAL Multi - <br />Housing, Inc., subject to non -substantive changes approved by <br />the City Manager and Authority General Counsel. <br />MOTION: Villegas <br />VOTE: AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />SECOND: Solorio <br />Benavides, Sarmiento, Solorio, Tinajero Villegas (5) <br />Martinez, Pulido (2) <br />None (0) <br />None (0) <br />HOUSING AUTHORITY MINUTES 2 JANUARY 16, 2018 <br />