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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />consultant, Mr. Terry McCarty of Stone & Youngberg, was present to <br />answer any questions the Agency might have with regards to the <br />selection of the consultants. <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Serrato and <br />carried (Mr. Yamamoto voted NO) to authorize staff to proceed with <br />entering into agreements with California First Bank as Trustee; <br />Wells Fargo as Mortgage Lender Servicer; Haynes & Miller as <br />Special Tax Counsel; Standard & Poors as Rating Agency, Jeffries <br />Banknote Company as Financial and Bond Printer; and Laventhol and <br />Howath as Special Accountant. <br /> <br />proposals have not yet been received regarding the Mortgage <br />Insurance Company for the SB-99 bond issue, but staff will bring <br />the lowest cost proposal back to the Agency for approval. <br /> <br />AMENDMENT OF OWNER PARTICIPATION AGREEMENT WITH AMERICAN NATIONAL <br />PROPERTIES, INC. <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Ward and carried <br />unanimously to adopt Resolution 79-60: A RESOLUTION OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING <br />AND AUTHORIZING THE CHAIRMAN OF THE AGENCY TO EXECUTE THE SECOND <br />AMENDMENT TO PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY <br />REDEVELOPMENT AGENCY AND AMERICAN NATIONAL PROPERTIES, A <br />DECLARATION OF RESTRICTIONS, A GRANT DEED FROM THE COMMUNITY <br />REDEVELOPMENT AGENCY TO AMERICAN NATIONAL PROPERTIES, AND AN <br />INDEMNITY AGREEMENT WITH CHICAGO TITLE INSURANCE COMPANY. <br /> <br />MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Serrato and <br />carried (Mr. Markel voted NO) to adopt Resolution 79-61: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA ADOPTING A MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM. <br /> <br />ADJOURNMENT <br /> <br />There being no further business before the Community Redevelopment <br />Agency, the meeting was unanimously adjourned at 2:45 P.M. <br /> <br />C\ ¿t1/1A/' 2- C-<-JZ¿'l.--r\ <br /> <br />James E. Ward, Chairman <br />\ ) <br /> <br />~ <br /> <br />Richard E. Goblirsch <br />Executive Director <br />