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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />December 21 2020 <br />MO. 20-214 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: December 21, 2020 <br />Attention: City Attorney <br />City Manager <br />**hard copy available upon request** <br />SUBJECT: Subordination Agreement with Redwood Oaks Associates II LP and <br />California Housing Finance Agency for the refinance and rehabilitation <br />of affordable housing units at 330-340 Redwood Avenue <br />AGENDA CONSENT CALENDAR ITEM: 6.J. (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on December 21, 2020. <br />Present: Council Members Aguirre, Espinoza-Garnica, Gee, Hale, Reddy, Smith and <br />Mayor Howard <br />M/S Reddy and Hale to approve and authorize the City Manager or designee to execute <br />the Subordination Agreement and approve and authorize the City Manager to make any <br />minor, clarifying and conforming changes to the Subordination Agreement, as approved <br />by the City Attorney, and take any action necessary to effectuate the agreement. <br />Motion passes 7-0 by roll call vote. <br />�'Q' '4 e <br />Pamela Aguilar, CMC <br />City Clerk <br />