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<br />. <br /> <br />. <br /> <br />. <br /> <br />4. <br />5. <br /> <br />EXECUTIVE SESSION - to discuss legal matters <br /> <br />RESOLUTIONS <br /> <br />A. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - NOTE SALE - <br />BROADWAY IMPROVEMENT COMPANY, INC. (LAWRENCE BUILDING) <br /> <br />Recommendation: Adopt Resolution 81-53: A RESO- <br />LUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA APPROVING THE SALE OF A $505,000 <br />PROMISSORY NOTE TO WELLS FARGO BANK, PURSUANT TO THE <br />MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM. <br /> <br />Commission Recommendation: <br /> <br />Not applicable. <br /> <br />B. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - OFFICIAL ACTION - <br />SAADI, McCULLOCH, ORTIZ, BEEM, WOOD, PHILLIPS ET AL, <br />FREEMAN, UYESUGI & ROELOFF <br /> <br />Recommendation: Adopt Resolution 81-54: A RESO- <br />LUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AUTHORIZING BOND ISSUES FOR THE <br />FUNDING OF PERMANENT LOANS FOR REHABILITATION OF <br />SPECIFIED PROPERTY AND MAKING CERTAIN FINDINGS IN <br />CONNECTION THEREWITH. <br /> <br />Commission Recommendation: <br /> <br />Not applicable. <br /> <br />C. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - SUPPLEMENTARY <br />LOAN - FLAHERTY PROJECT, 505 N. MAIN STREET <br /> <br />Recommendation: Adopt Resolution 81-55: A RESO- <br />LUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA TO EXECUTE AN AGREEMENT TO PURCHASE SECURED <br />PROMISSORY NOTE BETWEEN THE AGENCY AND WELLS FARGO <br />BANK, N.A. <br /> <br />Commission Recommendation: Recommend to the Agency <br />approval of an Agreement to purchase a promissory <br />note in the approximate amount of $100,000, secured <br />by a junior lien on the subject'property, from Wells <br />Fargo Bank. <br /> <br />-3- <br />