Laserfiche WebLink
HOUSING AUTHORITY MINUTES 2 MARCH 6, 2018 <br /> <br /> 1. MEETING MINUTES OF FEBRUARY 6, 2018 {STRATEGIC PLAN NO. 5, <br />1} <br /> <br /> MOTION: Approve Minutes. <br /> <br /> <br />2. EXCUSED ABSENCES – NONE <br /> <br /> <br />*** END OF CONSENT CALENDAR *** <br /> <br /> <br />Matter considered earlier as part of the City Council meeting. <br /> <br />JOINT SESSIONS OF THE CITY COUNCIL AND THE HOUSING AUTHORITY <br />AGENCY <br /> <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 /> <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 /> <br />Community Redevelopment and Housing Commission approved <br />recommended action on January 24, 2018 by a vote of 7-0 (Frazier <br />absent). <br /> <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 /> <br />Entity Project Address <br />Current <br />Management <br />Fee <br />Proposed <br />Management <br />Fee <br />ROSS AND <br />DURANT, L.P. 1411 N. DURANT 6.25% 8% <br />ROSS AND <br />DURANT, L.P. <br />1501 N. ROSS <br />STREET 6.25% 8% <br />WILSHIRE & 1201, 1209, 1213, 6.50% 8% <br />1-2