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l\HNUTES Page 6 City of San Leandro City Council, San Leandro Economic Development Agency, and San Leandro Redevelopment Agency Joint Meeting-NOVEMBER 17, 2003 E. Matter of a) Alnendment to Agreements Regarding the Surf Apartments Including Owner Participation Agreement between Surf Apartments and Redevelopment Agency, New Affordability Agreement between Citizens Housing Corporation and Redevelopment Agency; and Alnendments to Regulatory and Loan Agreements between the City and Surf Apartn1ents and; b) Alnendment to Regulatory and Loan Agreements between City and Las Palmas Development Partners Regarding the Las Palmas Apartments (amends the owner participation agreement and other related documents to change the plans for the rehabilitation of the Surf Apartments, as requested by Citizens Housing Corporation, owner of the Surf Apartment and Las Palmas Apartments. These changes include building conlffiunity rooms in both complexes instead of building a community center on the parking lot between the two buildings and revising the landscaping plan on Lewelling Boulevard and in the interior court yard. In addition, Citizens Housing Corporation has agreed to enter into a new contract to lower rents on two units from 50% of the Area Median Income (AMI) to 35% of the AMI). a) Alnendment to Agreements Regarding the Surf Apartments Including Owner Participation Agreement between Surf Apartments and Redevelopment Agency, New Affordability Agreement between Citizens Housing Corporation and Redevelopment Agency; and Alnendments to Regulatory and Loan Agreements between the City and Surf Apartments. . Resolution No. 2003-227, Resolution Approving Alnendment No. 1 to the Loan Agreement between the City of San Leandro and Surf Housing Associates, L.P. Regarding Occupancy Requirements and Work Program for the Apartment Building Located at 15320 Tropic Court. (2096) . Resolution No. 2003-228, Resolution Approving Alnendment No. 1 to the Regulatory Agreement between the City of San Leandro and Surf Housing Associates, L.P. Regarding Occupancy Requirements for the Apartment Building LDcated at 15320 Tropic Court. (2096) . Resolution No. 2003-019 RDA, Resolution of the Redevelopment Agency of the City of San Leandro Approving the Affordability Agreement between the Redevelopment Agency and Citizens Housing Corporation to Regulate the Occupancy Restrictions for the Apartment Building at 15320 Tropic Court, San Leandro, CA. (2096) . Resolution No. 2003-020 RDA, Resolution of the Redevelopment Agency of the City of San Leandro Approving the Alnendment No. 1 to the Owner Participation Agreement between the Redevelopment Agency of the City of San Leandro and Surf Housing Associates, L.P. for Acquisition and Rehabilitation of Apartment Building at 15320 Tropic Court, San Leandro, CA. (2096) b) Alnendment to Regulatory and Loan Agreements between City and Las Palmas Development Partners Regarding the Las Palmas Apartments.