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<br />. <br /> <br />. <br /> <br />. <br /> <br />6. <br /> <br />Commission Recommendation: Recommend that the <br />Community Redevelopment Agency of the City of <br />Santa Ana approve a Resolution authorizing the <br />Executive Director of the Agency to accept a four <br />(4) year note and trust deed at 10.3125% in return <br />for cancellation of the existing one-year note and <br />release of trust deed. <br /> <br />C. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM DEFERRED LOAN - <br />RAMONA PROJECT - 118 W. 5TH <br /> <br />Recommendation: Recommend that the Agency approve <br />a Commercial Rehabilitation Loan Supplemental <br />Agreement with the Ramona Partnership which will <br />allow the repayment of the $18,000 Revolving Loan, <br />owed to the Agency by the participant, to be deferred <br />for two years. <br /> <br />Commission Recommendation: Recommend that the <br />Agency approve a Commercial Rehabilitation Loan <br />Supplemental Agreement with the Ramona partnership <br />which will defer the repayment of the Agency's <br />Revolving Loan for two years. <br /> <br />D. <br /> <br />McCULLOCH REHABILITATION PROPOSAL - 110 W. FOURTH STREET <br /> <br />Recommendation: Approve a Commercial Rehabilitation <br />Participat10n Agreement (110 W. Fourth Street) <br />between the Community Redevelopment Agency and <br />Jack and Joy McCulloch. <br /> <br />Commission Recommendation: Recommend that the <br />Agency approve a Commercial Rehabilitation Partici- <br />pation Agreement between the Community Redevelopment <br />Agency and Jack and Joy McCulloch. <br /> <br />RESOLUTIONS <br /> <br />A. <br /> <br />NEW PROJECT AREAS/EXEMPTION FROM ACQUISITION BY EMINENT <br />DOMAIN <br /> <br />Recommendation: <br /> <br />Adopt the following resolutions: <br /> <br />1. <br /> <br />Resolution 82-87: A RESOLUTION OF THE COMMU- <br />NITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA DECLARING THE EXEMPTION FROM ACQUISITION <br />BY EMINENT DOMAIN OF PROPERTY LOCATED AT 210 <br />SO. MAIN STREET, SANTA ANA, CALIFORNIA. <br /> <br />-4- <br />