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MINUTE ORDER <br /> JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br /> PUBLIC FINANCING AUTHORITY MEETING <br /> February 8, 2016 <br /> Successor Aqencv <br /> MO. 16-01 <br /> CITY CLERK DEPARTMENT <br /> Redwood City <br /> Date: February 9, 2016 <br /> Attention: City Attorney <br /> Finance Director <br /> **hard copy available upon request** <br /> SUBJECT: Supplemental Educational Revenue Augmentation Fund and City/Former <br /> Redevelopment Agency Loan Modification (City Council and Successor <br /> Agency Actions) <br /> AGENDA ITEM: 6.1 D (455) <br /> Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority of <br /> Redwood City on February 8, 2016. <br /> Present: Agency Members Aguirre, Borgens, Gee, Howard, Masur, Vice Mayor Bain and <br /> Mayor Seybert. <br /> M/S Aguirre/Howard to approve the Consent calendar. <br /> By Motion of the Agency Board, approve and authorize the Executive Director to execute on <br /> behalf of the Successor Agency: 1) Ratification and Amendment to the Supplemental <br /> Educational Revenue Augmentation Fund (SERAF) Loan; and 2) Ratification and <br /> Amendment to the City/Former Redevelopment Agency (RDA) Loan Agreement being that <br /> the loans of funds for the SERAF Loan and the City/RDA Loan were for legitimate <br /> redevelopment purposes. <br /> Motion carries unanimously by electronic vote. <br /> r— w�_... <br /> 1:'_._.�� <br /> 1�� ��������,�� <br /> �� <br /> Silvia Vonderlinden <br /> Municipal City Clerk <br />