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<br />. <br /> <br />. <br /> <br />. <br /> <br />AGENDA <br />JOINT REGULAR MEETING <br />COMMUNITY REDEVELOPMENT AGENCY/CITY <br />COUNCIL CHAMBERS <br />22 CIVIC CENTER PLAZA <br />SANTA ANA, CALIFORNIA <br />JANUARY 20, 1987 5:30 P.M. <br /> <br />COUNCIL <br /> <br />CALL TO ORDER <br />PLEDGE OF ALLEGIANCE TO THE FLAG <br /> <br />ROLL CALL <br /> <br />1. <br /> <br />MINUTES <br /> <br />Recommendation: Approve the Minutes of the Regular <br />Meeting, held December 16, 1986. <br /> <br />2. <br /> <br />PUBLIC HEARINGS <br /> <br />A. <br /> <br />JOINT PUBLIC HEARING REGARDING THE OWNER PARTICIPATION <br />AGREEMENT WITH SYCAMORE RETIREMENT APARTMENTS, LTD. AND <br />MERCURY SAVINGS AND LOAN ASSOCIATION <br /> <br />Recommendation: <br /> <br />That the Redevelopment Agency: <br /> <br />1. <br /> <br />Adopt Resolution No. 86-58: A RESOLUTION OF <br />THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA APPROVING AN OWNER PARTICIPATION <br />AGREEMENT BETWEEN THE AGENCY AND SYCAMORE <br />RETIREMENT APARTMENTS, LTD. AND MERCURY SAVINGS <br />AND LOAN ASSOCIATION; <br /> <br />2. <br /> <br />Approve conceptual development plans proposed <br />by Sycamore Retirement Apartments, Ltd.; and <br /> <br />3. <br /> <br />Approve the project budget and authorize its <br />implementation by the Redevelopment Commission <br /> <br />Council Recommendation: Adopt a RESOLUTION OF THE <br />CITY COUNCIL OF THE CITY OF SANTA ANA MAKING CERTAIN <br />FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE <br />RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA PURSUANT TO AN OWNER <br />PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND <br />SYCAMORE RETIREMENT APARTMENTS. LTD. AND MERCURY <br />SAVINGS AND LOAN ASSOCIATION FOR THE SALE OF CERTAIN <br />REAL PROPERTY AND APPROVING THE SALE OF SAID REAL <br />PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED IN <br />THAT AGREEMENT. <br />