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RESOLUTION NO. 75-23 <br />PAGE TWO <br /> <br />ASSESSOR'S <br />PARCEL NO. ADDRESS <br /> <br />APPRAISED <br />VALUE <br /> <br />008-161-03 <br /> <br />424 W. Second Street <br />Santa Ana, California <br /> <br />$33,000.00 <br /> <br />008-161-04 418 W. Second Street <br /> Santa Ana, California <br /> <br />36,000.00 <br /> <br />008-161-05 412 W. Second Street <br /> Santa Aha, California <br /> <br />38,000.00 <br /> <br />008-161-06 410 W. Second Street <br /> Santa Ana, California <br /> <br />34,000.00 <br /> <br />008-161-16 408 W. Second Street <br /> Santa Ana, California <br /> <br />23,500.00 <br /> <br />008-161-15 404 W. Second Street <br /> <br />25,500.00 <br /> <br />The underlying fee interests in that portion <br />of Second Street and the alley adjacent to <br />the abovedescribed parcels, which portion <br />of Second Street and said alley are legally <br />described in Exhibit "A" which is attached <br />hereto and by this reference incorporated <br />herein <br /> <br />5,000.00 <br /> <br />Demolition and Relocation expense pertaining <br />to abovedescribed properties <br /> <br />80,500.00 <br /> <br />TOTAL <br /> <br />$325,000.00 <br /> <br /> BE IT FURTHER RESOLVED that the expenditure of said <br />monies on behalf of the Community Redevelopment Agency of the <br />City of Santa Ana is hereby declared to be a loan from the <br />City of Santa Ana to the Community Redevelopment Agency, pur- <br />suant to the terms of that certain agreement dated March 12, <br />1973, between the Community Redevelopment Agency of the City <br />of Santa Ana and the City of Santa Ana specifying that said <br />loan shall be repaid by the Agency to the City Council-Redevelop- <br />ment Agency Revolving Fund at such time as the Agency may be <br />able to repay with interest at seven percent per annum. <br /> <br /> PASSED AND ADOPTED <br />Santa Ana at its regular <br /> 18th day of February <br /> <br />ATTEST: <br /> <br />by the City Council of the City <br /> meeting held on the <br /> , 1975. <br /> <br />MAYOR <br /> <br />of <br /> <br />CLERK OF THE COUNCIL <br /> <br /> <br />