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COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Direct the Agency General Counsel to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of residential <br />property located at 701 S. Townsend Street in an amount not to exceed <br />$1,200,326 and authorize the Executive Director or designee to execute <br />all required documents. <br />2. Direct the Agency General Counsel to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of residential <br />property located at 709 S. Townsend Street in an amount not to exceed <br />$1,063,898 and authorize the Executive Director or designee to execute <br />all required documents. <br />3. Direct the Agency General Counsel to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of residential <br />property located at 817 S. Townsend Street in an amount not to exceed <br />$1,333,201 and authorize the Executive Director or designee to execute <br />all required documents. <br />4. Direct the Agency General Counsel to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of residential <br />property located at 821 S. Townsend Street in an amount not to exceed <br />$1,436,203 and authorize the Executive Director or designee to execute <br />all required documents. <br />5. Direct the Agency General Counsel to prepare a loan agreement with <br />Townsend & Raitt, LLC for the acquisition and rehabilitation of residential <br />property located at 834 S. Raitt Street in an amount not to exceed <br />$1,365,662 and authorize the Executive Director or designee to execute <br />all required documents. <br />COMMENTS <br />4. PUBLIC COMMENTS <br />AT THIS TIME the members of the public may address the Community <br />Redevelopment Agency board members regarding any non - agenda items within <br />the subject matter jurisdiction of the Agency. NO action may be taken on non - <br />agenda items unless authorized bylaw. <br />WHEN SPEAKING, please state your name and address for the record. Limit <br />your remarks to three (3) minutes. The number of speakers and allotted time <br />may be limited at the discretion of the Agency. <br />CRA AGENDA 5 DECEMBER 3, 2007 <br />