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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />December 16, 2019 <br />MO. 19-233 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: December 16, 2019 <br />Attention: City Attorney <br />City Manager <br />"hard copy available upon request'* <br />SUBJECT: Loan funding commitment for a 125 Multi -family Unit Affordable <br />Housing Project located at 353 Main Street Subject <br />AGENDA ITEM: 6.J. (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on December 16, 2019. <br />Present: Councilmembers Aguirre, Bain, Borgens, Hale, Masur and Reddy <br />M/S Aguirre/Bain to approve a loan commitment in the amount not to exceed $3.5 million <br />in specified affordable housing funds to 353 Main Street Apartments, L.P., for the <br />construction of a new 100% affordable, 125 -unit apartment building located at 353 Main <br />Street. <br />Motion passes 6-0 by electronic vote with Mayor Howard absent. <br />Pamela Aguilar, CMC <br />City Clerk <br />