05/19/1980 - Laserfiche WebLink

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. . . , '2.. 4. REPORTS A. B. CONTINUATION/RESIDENTIAL MORTGAGE REVENUE BONDS, ISSUE OF 1980 Recommendation: Receive and file. Commission Recommendation: Not appl icable. STATUS OF DEVELOPERS ADVANCES Recommendation: That the Agency grant its developers 90 day extens10ns for the payment of their advances contingent upon each developer paying 12% interest on all due advances at the time of granting the 90 day extension. Commission Recommendation: That the Agency grant the developers a 90 day extension for payment of advances contingent upon developer paying 12% inter- est in advance upon all due advances. C. BLOWER MORTUARY SITE Recommenda tion: Receive and file. Commission Recommendation: Recommend to the Agency that the developers of this site be allowed to pro- ceed in the normal manner consistent with the require- ments of the appropriate departments of the City. END OF CONSENT CALENDAR 5. 6. 7. REPORTS A. EAST FOURTH STREET STUDY AREA PRELIMINARY FINDINGS Recommenda tion: Receive and file. Commission Recommendation: Receive and file. EXECUTIVE SESSION - to discuss legal matters RESOLUTIONS A. ACQUISITION OF PROPERTY WITHIN THE BIRCH PARK EXPANSION SITE Recommendation: Adopt Resolution 80-52: A RESOLU- TION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE AGENCY TO EXECUTE AN AGREEMENT FOR THE ACQUISITION OF REAL PROPERTY IN THE REDEVELOPMENT PROJECT AREA, Commission Recommendation: Not applicable. B. MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM Recommendation: Adopt Resolution 80-51: A RESOLU- TION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING BOND ISSUES FOR THE ACQUISITION OF PERMANENT LOANS FOR REHABILITATION OF SPECIFIED PROPERTIES AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH. Commission Recommendation: Approve all steps neces- sary to implement the Wells Fargo Loan Program. -2-