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<br />I <br />18 <br /> <br />COMMUNITY REDEVELOPMENT <br />AGENCY <br /> <br />2 <br /> <br />November 13, 1974 <br /> <br />Commissioners Griset and Ward stated that high priority should <br />be given to the delineation of a street plan for the Redevelop- <br />ment Project Area. The Director responded that requests for <br />proposals from engineering firms would be initiated in a matter <br />of weeks. <br /> <br />. <br /> <br />KRAMER & SANTA ANA <br />MOTOR PARTS PROPERTY <br /> <br />The Director was <br />authorized to secure <br />appraisals on the <br />Kramer Property (Char- <br />coal Broiler, located on the southwest corner of Main and <br />Santa Ana Boulevard), and the Santa Ana Motor Parts property <br />(413 West Fifth Street), on the unanimously approved motion of <br />Commissioner Griset, seconded by Commissioner Yamamoto. The <br />appraisals have been recommended by the Community Redevelopment <br />Commission. <br /> <br />ERICSON DEVELOPMENT CO. <br />& FASHION SQUARE DEVELOPMENT <br /> <br />The Director reported <br />that negotiations were <br />still in satisfactory <br />progress between Eric- <br />son Development Co. and the Fashion Square interests, Draper <br />and Kramer; that Mr. Ericson had developed some new cost figures <br />that indicate a reduction in the amount of square footage <br />allocated to specialty shops, from 400,000 square feet to <br />350,000; and that also indicate there is room for one additional <br />junior department store, approximately 80,000 square feet. <br /> <br />PROPOSED BUDGET <br />REVISIONS <br /> <br />The Agency received <br />the Director's written <br />report of the. proposed <br />Budget Revisions for <br />June 1974 through July 1975, increasing in the amount of <br />$40,551. The Director reported that the Agency has received <br />$200,000 in tax increment revenue; that the Agency expects <br />to receive $675,000 for the present fiscal year; that the <br />budget revisions provide for repayment of the City loan, acqui" <br />sition of property, improvements for Heritage Square, title <br />insurance, engineering studies, additional acquisition <br />appraisals and two staff positions beyond the current budget <br />already approved. <br /> <br />The report was ordered filed on the unanimously (5",0) approved <br />motion of Commissioner Griset, seconded by Coll\lIlissie¡ne'r Ward. <br /> <br />PROPERTY PURCHASE <br />NEGOTIATION <br /> <br />- <br /> <br />The Director wa!i <br />auth~rized to enter <br />into negotiation for <br />the pu'l;'chas,e Gf <br />property at the southwest COrner of Santa Ana Boulevard and <br />Main Street (Charcoal Broilerl, on the unanimously .ChOl <br />approved motion of Commissioner Griset, seconded by C~is" <br />sioner Garthe. <br /> <br />EXECUTIVE SESSION <br /> <br />The AgencY' recess,ed <br />for ExecuUve Ses'S~Qn <br />at 4:50 P.M., and <br />reconvened at 5:15 <br /> <br />P.M., with the same members present, <br />