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Minutes of a Regular Meeting <br /> March 7, 2002 <br /> Town of Los Altos Hills <br /> City Council Regular Meeting <br /> Thursday, March 7, 2002, 6:00 P.M. <br /> Council Chambers, 26379 Fremont Road <br /> 1. CALL TO ORDER, ROLL CALL AND PLEDGE OF ALLEGIANCE <br /> Mayor Pro Tem Fenwick called the Regular Meeting of the City Council to order at <br /> 6:00 p.m. in the Council Chambers at Town Hall. <br /> Present: Mayor Pro Tem Fenwick and Councilmembers Cheng and <br /> O'Malley <br /> Absent: Mayor Casey and Councilmember Finn <br /> Staff: City Manager Maureen Cassingham, City Attorney Sandy Sloan, <br /> Planning Director Carl Cahill,Director of Public Works/City <br /> Engineer Mintze Cheng, Assistant Planner Angelica Herrera and <br /> • City Clerk Pat Dowd <br /> Press: Liz Cloutman, Los Altos Town Crier <br /> 2. APPOINTMENTS AND PRESENTATIONS <br /> 2.1 Presentation by the Housing Trust of Santa Clara Valley <br /> Carl Guardino, President and CEO of the Silicon Valley Manufacturing Group and <br /> Board Member of the Housing Trust, commended Council for their $10,000 <br /> contribution to the Housing Trust and stated that the Trust had attained its initial goal <br /> of$20 million. <br /> Poncho Guevara, Acting Executive Director of the Housing Trust, presented Council <br /> with an overview of how the money had been invested and spent. To date there had <br /> been 48 first time homebuyer loans leveraging $14.9 million; 4 multi-family loans, <br /> producing 517 units and leveraging $127 million; 5 homeless loans, producing 217 <br /> units and leveraging $40.5 million; and loans made in 11 cities from Palo Alto to <br /> Morgan Hill. <br /> Mr. Guardino and Mr. Geuvara presented the Mayor Pro Tem with a plaque in <br /> recognition of the Town's generous contribution to this important program. <br /> • March 7, 2002 <br /> Regular City Council Meeting <br /> 1 <br />