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MINUTES OF THE ADJOURNED REGULAR MEETING <br />OF THE CITY COUNCIL OF THE <br /> CITY OF SANTA ANA, CALIFORNIA <br /> <br />February 17, 1976 <br /> <br />The meeting was called to order at 12:05 P.M. at Mr. Mike's <br />Restaurant, 2101 East Edinger Street, by Mayor John Garthe, <br />with the follewing Council members present: Gordon Bricken, <br />David F. Ortiz, Harry K. Yamamoto, David L. Brandt, James E. <br />Ward and Mayor Garthe. Councilman Vernon S. Evans was absent. <br />Also present were City Manager Bruce C. Spragg; City Attorney <br />Keith L. Gow; Assistant City Manager Ronald Wolford; Deputy <br />City Managers G. David Tayco, Manuel Rede and Thomas J. <br />Andrusky; Planning Director Charles C. Zimmerman; Director <br />of Building Safety Wendell Bril; Executive Director for <br />Redevelopment Richard Goblirsch. <br /> <br />INVOCATION <br />PLEDGE OF ALLEGIANCE <br /> <br />Manager Bruce C. Spragg. <br /> <br />Following the Pledge <br />of Allegiance to the <br />Flag, the Invocation <br />was given by City <br /> <br />COMMUNITY DEVELOPMENT GRANT Mayor Garthe welcomed <br />PROPERTY REHABILITATION PROGRAM the representatives <br />PRESENTATION (approximately 25) of <br /> the banking and lending <br />institutions, and stated that the purpose of the luncheon <br />meeting was to inform the guests regarding Santa Ana's <br />revitalization program; to encourage the maximum of participa- <br />tion by lenders with respect to new development, redevelopment, <br />and rehabilitation; to describe the neighborhood rebuilding <br />program being undertaken in the West Silver Acres rehabilita- <br />tion area; to encourage loans to qualifying property owners; <br />and to announce the availability of community development funds <br />for a high risk loan fund to be implemented with the coopera- <br />tion of one or more of the lending institutions. He added <br />that it is the City's hope that this meeting will have a <br />significant impact upon the lending policies of the financial <br />institutions, and will open lines of communication for mutual <br />benefit of all concerned. <br /> <br />Mr. Bril stated that approximately $54,000 in Community Devel- <br />opment funds has been allocated for the current fiscal year <br />for the property rehabilitation program; that $70,000 will be <br />allocated during the next fiscal year; that the City will <br />offer encouragement to the lending community to formulate a <br />loan program to rehabilitate properties in the Project Area <br />by virtue of its public improvements and community services; <br />that hopefully this will also stimulate home improvement <br />interest among the property owners; that neighborhood meetings <br />are planned in the Silver Acres community to explain the pro- <br />gram and to promote interest in it. <br /> <br />Mr. Tom Andrusky stated that over $100,000 in public improve- <br />ments, i.e. street lights, trees, curbs and gutters are <br />planned under the program. <br /> <br />Mr. Bril stated that the City is lowering the risk for any <br />lender in the target rehabilitation area and the downtown <br />area; that the City wants to consult with the financial leaders <br />of the community to develop a good pro.am for a high risk <br />loan fund, but it does not want to be involved in the mechanics <br /> <br />CITY COUNCIL MINUTES <br /> <br />67 FEBRUARY 17, 1976 <br /> <br /> <br />