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<br />. <br /> <br />MINUTES OF THE SPECIAL MEETING <br />OF THE COMMUNITY REDEVELOPMENT AGENCY <br />SANTA ANA, CALIFORNIA <br /> <br />August 28, 1974 <br /> <br />, <br /> <br />The Special Meeting of the Community Redevelopment Agency to <br />consider (1) Stone & Youngberg Report; (2) Amendments to Agency <br />Agreements; (3) Request from Michael Doyle, Developer, for Certain <br />Exclusive Rights; (4) Logan Area Study; and for a'rtExecutive Session <br />for discussion of Selection of Bond Counselor, and Acquisition of <br />Property; was called to order at 4:08 P.M. by Vice Chairman Vernon <br />S. Evans, in Room 831, City Hall, 20 Civic Center Plaza. Affidavits <br />of mailing were on file in the office of the Recording Secretary. <br />Roll call was answered by the Commissioners as follows: <br /> <br />Present <br /> <br />Absent <br /> <br />John Garthe <br />Harry K. Yamamoto <br />Vernon S. Evans <br />James E. Ward <br /> <br />J. Ogden Markel <br /> <br />Commissioner Lorin Griset and Chairman Jerry M. Patterson <br />arrived at 4:13 P.M. and 4:15 P.M., respectively. <br /> <br />The following persons were also present: <br /> <br />Bruce C. Spragg, City Manager <br />James A. Withers, Agency Counsel <br />Ronald Wolford, Director of Public Works <br />Charles C, Zimmerman, Director of Planning <br />Richard Goblirsch, Executive Director-Secretary <br />Susan Shick, Agency Representative <br />Wanda Schwarze, Acting Recording Secretary <br />Representatives of the Press <br /> <br />STONE & YOUNGBERG <br />REPORT <br /> <br />A preliminary report <br />from Stone & Youngberg, <br />Municipal Financing <br />Consultant, Inc., <br />dated August 16,1974, was received and filed on the unanimously <br />(6-0) motion of Commissioner Ward, seconded by Commissioner <br />Yamamoto. The Report outlined a review and analysis of assessed <br />valuation of property within the Redevelopment Project Area; <br />anticipated tax increment revenues ($675,000 for 1974-75); and <br />proposed tax allocation bond financing program, including approximate <br />time schedule of major actions needed to accomplish it. <br /> <br />. <br /> <br />Prior to the motion, Agency discussed the proposed financing concept, <br />financial requirements for the Redevelopment Project, and the need <br />for establishing priorities for the expenditure of funds. <br /> <br />A proposed Redevelopment Budget and recommendations will be presented <br />to Agency by the Executive Director at its Adjourned Regular Meeting <br />on September 11, 1974, indicating expenditures in three basic <br />categories: <br /> <br />1) <br />2) <br />3) <br /> <br />Operations for at least a two-year period; <br /> <br />Land Acquisition; and <br /> <br />Project Improvements. <br /> <br />. <br />