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Home My WebLink About081319 Joint SARDA/CC Action Minutes ACTION MINUTES 111 JOINT SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AND CITY COUNCIL MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA AUGUST 13,2019 CALL TO ORDER at 7:20 PM: Chair Mike Naggar ROLL CALL: Edwards, Rahn, Schwank,Stewart,Naggar SARDA/COUNCIL PUBLIC COMMENTS The following individuals addressed the Board of Directors/City Council on an agendized item: • Marie Allen SARDA/COUNICL PUBLIC HEARING 10. Approve the Modifications to the Ground Lease, Regulatory Agreement, Construction and Loan Agreement, and Residual Receipts Note Between the City of Temecula, as Housing Successor to the Former Temecula Redevelopment Agency, and Temecula Gardens LP (Affirmed Housing), Located at 28493 Pujol Street Recommendation: That the City Council/Board of Directors: 1. Adopt a resolution entitled: RESOLUTION NO. 19-51 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA, ACTING IN ITS CAPACITY AS THE HOUSING SUCCESSOR, APPROVING MODIFICATIONS TO A GROUND LEASE,A REGULATORY AGREEMENT AND A RESIDUAL RECEIPTS NOTE, RELATING TO THE MISSION VILLAGE APARTMENTS PROJECT AND THE TAKING OF RELATED ACTIONS 2. Adopt a resolution entitled: RESOLUTION NO. SARDA 19-05 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING MODIFICATIONS TO THE CONSTRUCTION AND TERM LOAN AGREEMENT, DATED JULY 1, 1998, RELATING TO THE MISSION VILLAGE APARTMENTS PROJECT AND THE TAKING OF RELATED ACTIONS Approved the Staff Recommendation (5-0): Motion by Edwards, Second by Schwank. The electronic vote reflected unanimous approval. SARDA EXECUTIVE DIRECTOR REPORT SARDA BOARD OF DIRECTOR REPORTS SARDA ADJOURNMENT At 7:29 PM,the Successor Agency to the Temecula Redevelopment Agency meeting was formally adjourned to Tuesday, August 27, 2019, at 5:30 PM for a Closed Session, with a regular session commencing at 7:00 PM, City Council Chambers, 41000 Main Street, Temecula, California. Michael S. Naggar, Chai A T Ran ohl, Secretary [SEAL]