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[~ In Re Ordinance Reclassify east side Minnie btn Chestnut and McFadden Sts. Annie C. Cha~lton In Re Resol. No. 54-37 Industrial Zoning southwest of Santa Ana On motion of Councilman Jerome, seconded by McBride and carried, the fcllewing Ordinance entitled: "Ordinance amending Santa Ana Municipal Code by amending Article IX thereof creating changes in district boundaries and by amending Sheets Number 24 and 45 of the Districting Map to show the reclassifica~ion" of property situated on the east side of Minnie Street between Chest- nut and McFadden Streets, from the R-1 District to the M-1 District, in accordance with amendment application of Annie C. Chavlton, was introduced, considered and placed on file for second reading. , Communication was read from the Pacific Electric Railway Company advising that they will make necessary application to the Interstate Commerce Commission for permission to abandon the tracks on Fourth Street, under te~ms and conditions to be agreed upon by the Council and remove rails and other appurtenances, provided ~he 95-acre parcel knewn a s the Borchard property is annexed to the City and is re-zoned for industrial use and that the Railway Company is able to complete arrangements for an alternate route. On motion of Councilman McBride seconded by Jerome and carried, the communication was received and filed. The letters were read from the First National Bank, Commercial National Bank, Security First National Bank and Bank of America, reference the effect on lending policies in the southwest portion of Santa Ana should the property lying south of Delhi Road and west of Main Street be zoned to M-1. On motion of Councilman McBride seconded by Dahl and carried, the letters were received and filed. Councilman Jerome requested the Clerk to read the Resolution whereby the Council resolves: Upon the purchase by the Southern Pacific - Pacific Electric Railroads of p~operty south of Delhi Road between the extension of Flower Street on the west and a line 1800 feet east on Delhi Road and extending to the Pacific Railway, comprising approx- imately 96 acres, and upon annexation of the area to the City of Santa Ana, the Council declares ire intention to zone the property for light manufacturing (M-~), such zoning to be contingent upon four provisions It was moved by Councilman Jerome, seconded by McBride, that the Resolution be adopted. Messrs. E.A.Meredith, Andrew Beyer, Fred Devenney, etal, objected to the zoning for the reasons that it would devaluate property and would prevent the g~owth of the City to the southwest for residential purposes. Attorney Roger Howell s tared that the letters from the various bankers did not determine the effect of property values if the area is zoned for industry. Attorney Mize, on behalf of various property owners in the a~ea, stated that the opinions Of persons who have had experience in these matters' should be considered. Stewart S. MePhereon read letters from the Panamora Sells Sales Company of Van Nuys and Architect, Styles Clement, stating that homes have been constructed near industries and property values have not been effected in the Van Nuys area. J. Ogden Ma~kel gave additional reasons for opposing the re-zoning of the area in question