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RESOLUTION NO. 88-11 <br />PAGE TWO <br /> <br />If the applicant is unable to place the property into use <br />within the time limitations indicated below (or determines that <br />a deferral of use should occur), it is understood that the City <br />of Santa Ana will pay to the Department for each month o£ <br />nonuse beginning 12 months after the date of the deed, or 36 <br />months where construction or major renovation is contemplated, <br />the sum of 1/360 of the then market value for each month of <br />nonuse. <br /> <br />When the application is approved by the Department o£ Education, <br />a copy o~ the application and standard deed conditions will be <br />filed with the permanent minutes of the Council. <br /> <br />ADOPTED this 16th day of February, 1988. <br /> <br />Dan~e~-H. ~Yodng <br /> <br />ATTEST: <br /> <br />137 <br /> <br />~eide C. Guy <br /> rk o£ the Counc~Xl <br /> <br />COUNCILMEMBERS: <br /> <br />Young Absent <br />McGuigan Aye <br />Acosta Aye <br />Griset Aye <br />Hart Aye <br />May Aye <br />Pulido Aye <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />