By a narrow 5-4 vote, the Columbia Gateway Urban Renewal Agency board approved a restructuring of the installment loan agreement and land sales contract for the Sunshine Mill.  Under the agreement, the outstanding balance of $290,000 for the installment loan and nearly $310,000 for the land sale are combined into a new loan agreement.  Monthly payments of nearly $13,000 will begin in March, with an interest rate of 5.2%.  The deal calls for Sunshine Mill to also pay property taxes owed to Wasco County by mid-March and interest only payments to the URA through February, and then title to the property will be turned over to Sunshine Mill owner Discover Development LLC.  URA board chair Taner Elliott said that is intended to give company owner James Martin a better opportunity to receive a commercial loan that could be used to pay off the debt to Urban Renewal.  Elliott also pointed out that if Discover Development misses a monthly payment, there would 15 days to rectify the situation or the property reverts back to the URA.  John Fredrick, Chuck Raleigh, Kathy Schwartz, and Darcy Long-Curtiss voted against the agreement, with Long-Curtiss saying even though she was part of the negotiating team she felt the deal was too punitive.