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, . . . by stating that we can locate the Center in the Fashion Square area. Mr. Hanson responded that Mr. Yamamoto had misunderstood the whole concept behind the hiring of a consulting firm. Hale, Hanson and Company is not recommending anything so far as location is concerned; they make no such recommendations. It is not known what the people interviewed will finally recommend. All the con- sulting firm is doing is finding out if individuals or corporations are willing to donate and on what basis or leadership position will they do so. The Agency is definitely not being asked to put up any monies. A motion to receive and file report as presented was made by Mr. Garthe, seconded by Mr. Ortiz, and carried unanimously. PROPOSED BOND SALE A brief oral report on the proposed bond sale was presented by the Executive Director. The Agency previously authorized Staff to put together a prospectus for a proposed bond sale issue. The Jarvis initiative makes it now doubtful as to the future of all bond issues in California. He further stated that the question being put before administrators today is whether or not tax incre- ment bonds are being sold in California now. The answer is yes; the City of Industry sold a $35 million bond at 7 percent and the City of Compton sold an $11 million issue at 6.368 percent over a period of 25 years. The Director reported that unless otherwise directed, he would prepare the bond prospectus for deter- mination by the next Regular Meeting. A motion to receive and file report as presented was made by Mr. Ortiz, seconded by Mr. Garthe, and carried unanimously. DOWNTOWN LIGHTING IMPROVEMENTS A motion to receive and file progress report on downtown light- ing improvements was made by Mr. Yamamoto, seconded by Mr. Ortiz, and carried unanimously. RESCUE MISSION Question with regard to condemnation of the Rescue Mission--Staff advises proceeding to schedule it for a public hearing. As to whether or not Agency should proceed with the condemnation, Exe- cutive Director felt that the only way to get issue resolved was to have the public hearing and vote on the issue. Mr. Garthe stated that he agreed with Staff recommendation to proceed with scheduling of a public hearing. Two gentlemen addressed the Agency in support of postponing the public hearing to consider condemnation of the Mission property. The first to speak was Mr. J.R. Blanchard, 214 North Sycamore, Santa Ana. He urged scheduling public hearing at a later hour rather than at the usual 5:00 P.M. time, so that their supporters who work 8:00 A.M. to 5:00 P.M. could also have an opportunity to attend. He also reminded Agency of the difficulties in finding accommodations for indigents. Although, he agreed with the demo-' lition of the Mission's present site, he stated that he hoped our condemnation would not mean the total elimination of the Mis- sion in Santa Ana. The second gentlemen to speak, Mr. Nick Fleming, 214 North Sycamore, Santa Ana, requested extending the public hearing until after February 28,1978.