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<br />. <br /> <br />. <br /> <br />. <br /> <br />MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM- <br />SUPPLEMENTAL LOAN AGREEMENT FOR THE 505 N. MAIN STREET <br />(Flaherty project) <br /> <br />B. <br /> <br />Recommendation: Recommend approval of a supple- <br />mental loan agreement for the 505 N. Main Street <br />Company (Flaherty project). <br /> <br />Commission Recommendation: The Redevelopment <br />Comm1ss10n, at 1tS meet1ng held on April 5, 1983, <br />recommended that the Agency approve a supplemental <br />loan agreement for the 505 N. Main Street Company <br />(Flaherty project) which will extend an original <br />one-year supplemental loan of $105,541 to a full <br />four-year term, and will provide up to $40,000.00 <br />in additional loan funds for the completion of <br />rehabilitation, subject to an agreement by the <br />Borrower that he will pay the interest on the <br />additional funds annually, at an interest rate of <br />10.3125% beginning December 21,1983. <br /> <br />C. <br /> <br />CONSULTANT AGREEMENTS, SANTA ANA TRANSPORTATION CENTER <br /> <br />Recommendation: <br /> <br />1. <br /> <br />Approve an agreement with Jones, Hall, Hill <br />and White for special legal services. <br /> <br />2. <br /> <br />Approve an agreement with Rauscher pierce <br />Refsnes, Inc. for financial consultant services. <br /> <br />Commission Recommendation: Recommend that the <br />Agency approve agreements with Jones, Hall, Hill <br />and White as bond counsel, and Rauscher pierce <br />Refsnes, Inc. as financial consultant. <br /> <br />6. <br /> <br />ORAL COMMUNICATIONS - Report on marketing strategy for the <br />downtown. <br /> <br />7. <br /> <br />ADJOURNMENT - Adjourn meeting to May 2, 1983, 2:00 P.M. in <br />the City Council Chambers. <br />