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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />June 26. 2017 <br />MO. 17-129 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: June 27, 2017 <br />Attention: City Attorney <br />Community Development Director <br />**hard copy available upon request** <br />SUBJECT: Agreement with HIP Housing Development Corporation for Acquisition of <br />1512 Stafford Street for Affordable Housing Preservation <br />AGENDA ITEM: 6.3E (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on June 26, 2017. <br />Present: Council Members, Borgens, Gee, Howard, Masur, Vice Mayor Bain, and Mayor <br />Seybert <br />M/S Masur/Howard to approve the Consent Calendar, excluding items 6.1.A and 6.1.C. <br />By motion, to approve an Agreement with HIP Housing Development Corporation for Funds <br />to Acquire 1512 Stafford Street for the preservation of affordable housing and authorize the <br />City Manager to execute the Agreement, subject to any minor, clarifying and conforming <br />changes approved by the City Attorney, and to take all actions necessary to carry out the <br />Agreement, including execution of a Subordination of Deed of Trust, an Intercreditor <br />Agreement, and any other documents necessary to complete the transaction. <br />Motion carried 6-0 IW, ectronic vote, with Council Member Aguirre absent. <br />Melissa Thurman <br />Assistant City Clerk <br />