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MEETING MINUTES OF FEBRUARY 6, 2018 {STRATEGIC PLAN NO. 5, <br />1) <br />MOTION: Approve Minutes. <br />2. EXCUSED ABSENCES — NONE <br />*** END OF CONSENT CALENDAR *** <br />Matter considered earlier as part of the City Council meeting. <br />JOINT SESSIONS OF THE CITY COUNCIL AND THE HOUSING AUTHORITY <br />AGENCY <br />**Councilmember Benavides abstained on Agenda Item 80A due to proximity of his <br />residence to one of the properties. He left the dais for the duration of the deliberation. <br />3. AMENDMENTS TO PROMISSORY NOTES WITH C&C DEVELOPMENT <br />COMPANY AND ORANGE HOUSING DEVELOPMENT CORPORATION <br />FOR ROSS & DURANT, WILSHIRE & MINNIE, TOWNSEND & RAITT, <br />1410 N. DURANT, LACY & RAITT, AND 326 S. GARNSEY <br />AFFORDABLE HOUSING DEVELOPMENTS (STRATEGIC PLAN NO. 5, <br />3) — Community Development Agency <br />Community Redevelopment and Housing Commission approved <br />recommended action on January 24, 2018 by a vote of 7-0 (Frazier <br />absent). <br />MOTION: Authorize the Executive Director of the Housing Authority of <br />the City of Santa Ana and the Clerk of the Council to execute <br />Amendments to Promissory Notes (Loan Notes) with C&C <br />Development Company and Orange Housing Development <br />Corporation for the following affordable housing developments, to <br />increase the property management fee to 8% of gross rents, subject to <br />non -substantive changes approved by the Executive Director and <br />Authority General Counsel: <br />HOUSING AUTHORITY MINUTES 2 MARCH 6, 2018 <br />Current <br />Proposed <br />Entity <br />Project Address <br />Management <br />Management <br />Fee <br />Fee <br />P. <br />1411 N. DURANT <br />6.25% <br />8% <br />DURANT,SSAN <br />ROSS AND <br />1501 N. ROSS <br />6.25% <br />8% <br />DURANT, L.P. <br />STREET <br />WILSHIRE & <br />1201, 1209, 1213, <br />6.50% <br />8% <br />HOUSING AUTHORITY MINUTES 2 MARCH 6, 2018 <br />