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RECOMMENDED ACTION. Authorize the Executive Director of the Housing <br />Authority of the City of Santa Ana and the Clerk of the Council to execute <br />Amendments to Promissory Notes (Loan Notes) with C&C Development Company <br />and Orange Housing Development Corporation for the following affordable housing <br />developments, to increase the property management fee to 8% of gross rents, subject <br />to non -substantive changes approved by the Executive Director and Authority General <br />Counsel: <br />COUNCIL AGENDA ITEMS <br />Pursuant to Santa Ana Charter Section 411, any member of the City Council may place items on <br />the City Council Agenda to be considered by the City Council. <br />85A. DISCUSS AND PROVIDE STAFF DIRECTION ON THE CREATION OF A CITIZENS <br />FINANCE ADVISORY COMMITTEE TO REVIEW FINANCIAL PLANS, FINANCIAL <br />DOCUMENTS, BUDGETARY POLICIES, CALPERS ACTIVITY, LABOR CONTRACTS, <br />MEDICAL COSTS, AND AUDITOR SELECTION FOR THE CITY - Mayor Pro Tem Martinez <br />HOUSING AUTHORITY MEETING (Blue Agenda) <br />WORK STUDY SESSIONS <br />CITY COUNCIL AGENDA 11 MARCH 6, 2018 <br />Current <br />Proposed <br />AGMT. <br />Entity <br />Project Address <br />Management <br />Management <br />No. <br />Fee <br />Fee <br />1. <br />ROSS AND DURANT, <br />1411 N. DURANT <br />6.25% <br />80 0 <br />2018 -XXX <br />L.P. <br />2. <br />ROSS AND DURANT, <br />1501 N. ROSS <br />2018 -XXX <br />L.P. <br />STREET <br />6.25% <br />80 0 <br />3. <br />WILSHIRE & <br />1201, 1209, 1213, 1221, <br />6.50% <br />8% <br />2018 -XXX <br />MINNIE, L.P. <br />1225, 1229, AND 1233 <br />EAST WILSHIRE, <br />AND 1401, 1403, 1409, <br />1413, 1421, 1425, 1429, <br />1433, 1437 AND 1439 <br />SOUTH MINNIE <br />STREET <br />4. <br />TOWNSEND & <br />701 SOUTH <br />2018 -XXX <br />RAITT, L.P. <br />TOWNSEND <br />6.50% <br />80 0 <br />5. <br />TOWNSEND & <br />817 SOUTH <br />2018 -XXX <br />RAITT, L.P. <br />TOWNSEND <br />6.50% <br />80 0 <br />6. <br />TOWNSEND & <br />821 SOUTH <br />2018 -XXX <br />RAITT, L.P. <br />TOWNSEND <br />6.50% <br />80 0 <br />7. <br />TOWNSEND & <br />834 SOUTH RAITT <br />6.50% <br />80 0 <br />2018 -XXX <br />RAITT, L.P. <br />8. <br />TOWNSEND & <br />709 SOUTH <br />2018 -XXX <br />RAITT, L.P. <br />TOWNSEND <br />6.50% <br />80 0 <br />9. <br />LACY & RAITT, L.P. <br />703 N. LACY <br />7% <br />8% <br />2018 -XXX <br />STREET <br />10. <br />LACY & RAITT, L.P. <br />702 SOUTH RAITT <br />7% <br />80 0 <br />2018 -XXX <br />COUNCIL AGENDA ITEMS <br />Pursuant to Santa Ana Charter Section 411, any member of the City Council may place items on <br />the City Council Agenda to be considered by the City Council. <br />85A. DISCUSS AND PROVIDE STAFF DIRECTION ON THE CREATION OF A CITIZENS <br />FINANCE ADVISORY COMMITTEE TO REVIEW FINANCIAL PLANS, FINANCIAL <br />DOCUMENTS, BUDGETARY POLICIES, CALPERS ACTIVITY, LABOR CONTRACTS, <br />MEDICAL COSTS, AND AUDITOR SELECTION FOR THE CITY - Mayor Pro Tem Martinez <br />HOUSING AUTHORITY MEETING (Blue Agenda) <br />WORK STUDY SESSIONS <br />CITY COUNCIL AGENDA 11 MARCH 6, 2018 <br />