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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />October 12, 2020 <br />MO. 20-161 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: October 14, 2020 <br />Attention: City Attorney <br />City Manager <br />**hard copy available upon request** <br />SUBJECT: Addendum to the Loan Agreement with HIP Housing Development <br />Corporation for acquisition and preservation of seven affordable <br />housing units at 1512 Stafford Street <br />AGENDA CONSENT CALENDAR ITEM: 6.0. (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on October 12, 2020. <br />Present: Council Members Aguirre, Bain, Borgens, Hale, Masur, Reddy and Mayor <br />Howard <br />M/S Reddy and Aguirre to: <br />1. Approve an Addendum to the Loan Agreement with HIP Housing Development <br />Corporation for funds to acquire 1512 Stafford Street for the preservation of affordable <br />housing; and <br />2. Authorize the City Manager to execute the Addendum to the Loan Agreement, subject <br />to any minor, clarifying and conforming changes approved by the City Attorney, and to <br />take all actions necessary to carry out the Addendum to the Loan Agreement. <br />Motio asses 7-0 Droll c vote. <br />Pamela Aguilar, C <br />City Clerk <br />