HomeMy WebLinkAbout1998-07-07; City Council; Minutes* 0 a
MINUTES
MEETING OF : CITY COUNCIL and
HOUSING AND REDEVE,LOPMENT COMMISSION
JOINT SPECIAL MEETING
DATE OF MEETING: July 7,1998
TIME OF MEETING: 6:OO p.m. PLACE OF MEETING: City Council Chambers
CALL TO ORDER: Mayor/ChaiIman Lewis called the Meeting to order at 7:03 p.m.
ROLL CALL:
Present: CounciVCommissioners Hall, Kulchin, Finnila, Lewis
Absent: CouncilfCommissioner Nygaard
APPROVAL OF MINUTES:
ACTION: On motion by Mayor Pro TemNice-Chair Finnila, the Minutes of the following meetings
were approved as presented:
Minutes of the Joint Special Meeting held June 16, 1998
Minutes of the Special Meeting held June 23, 1998
AYES: Lewis, Finnila, Kulchin, Hall
ABSTAIN: Kulchin - Minutes of June 23,1998
ABSENT: Nygaard
WAIVER OF ORDINANCE TEXT READING:
The Council/Commission waived the reading of the text of all ordinances and resolutions at this meeting.
DEPARTMENTAL AND EXECUTIVE DIRECTOR REPORT:
) 15, AB #14,758 - LOAN AGREEMENT WITH MAAC FOR CONSTRUCTION OF 138 APARTMENT
n UNITS - LAUREL TREE APARTMENTS. (SDP 95-1)
ACTION: On motion by Mayor Pro Tern Finnila, Council adopted RESOLUTION NO. 98-228,
approving a loan agreement, promissory note, deed of trust and security agreement,
regulatory agreement and declaration of restrictive covenants and mortgage loan rider
between the City of Carlsbad and Laurel Tree Apartments, L.P., to assist in the
construction of 138 apartment units affordable to income households, and approving the
Redevelopment Housing Fund Administration Agreement between the City of Carlsbad
and the Carlsbad Redevelopment Agency to allow for the transfer of funds and
administration of the load by the City of Carlsbad.
On motion by Vice-Chair Finnila, the Commission adopted RESOLUTION NO. 298,
approving a loan agreement, promissory note, deed of trust and security agreement,
regulatory agreement and declaration of restrictive covenants and mortgage loan rider
between the City of Carlsbad and Laurel Tree Apartments, L.P., to assist in the
construction of 138 apartment units affordable to income households, and approving the
Redevelopment Housing Fund Administration Agreement between the City of Carlsbad
and the Carlsbad Redevelopment Agency to allow for the transfer of funds and
administration of the load by the City of Carlsbad.
AYES: Lewis, Finnila, Kulchin, Hall NOES: None
ABSENT: Nygaard
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July 7, 1998 HOUSING AND REDEVELOPMENT COMMISSION and CITY COUNCIL Page 2
ADJOURNMENT:
By proper motion, the Joint Special Meeting of July 7, 1998, was adjourned at 7: 12 p.m.
Respectfully submitted,
Q&.J /s .. :/(\-AT 0
I ALETHA L. RAUTENKRANZ
City Clerk
Sherrie D. Worrell
Deputy City Clerk