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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA <br />REDEVELOPMENT PROJECT; APPROVING THE PROPOSED SALE OF SAID REAL <br />PROPERTY; AND APPROVING THE PARTICIPATION AGREEMENT PERTAINING <br />THERETO. <br /> <br />AYES: <br />NOES: <br />ABSENT: <br /> <br />Bricken, Griset, Luxembourger, Serrato, Ward, Yamamoto <br />Markel <br />None <br /> <br />A motion was then made by Mr. Bricken, seconded by Mr. Griset and <br />carried unanimously to adopt the budget and authorize its <br />implementation by the Community Redevelopment Commission. <br /> <br />JOINT PUBLIC HEARING FOR THE PROPOSED SALE BY THE COMMUNITY <br />REDEVELOPMENT AGENCY TO ROSS AND FIFTH DEVELOPMENT COMPANY, AND <br />ENVIRONMENTAL FINDINGS RELATED THERETO <br /> <br />The Chairman stated that this was the time and place for the joint <br />public hearing of the Community Redevelopment Agency and the city <br />Council of the City of Santa Ana for the proposed sale of property <br />by the Community Redevelopment Agency of the City of Santa Ana to <br />Ross and Fifth Development Company and environmental findings in <br />relation thereto. The site is bounded on the north by Fifth <br />Street, on the west by realigned Ross Street, on the south by <br />Fourth Street and on the east by a line approximately 100 feet east <br />of the east line of Birch Street. <br /> <br />The Chairman stated that he would entertain a motion of continuing <br />this public hearing to November 19,1979 at 1:00, P.M. A motion was <br />made by Mr. Luxembourger, seconded by Mr. Bricken and carried <br />unanimously to continue this public hearing to November 19, 1979 at <br />1:00 P.M. <br /> <br />REGULAR AGENCY MEETING <br /> <br />The Regular Meeting of the <br />called to order at 1:24 P.M. <br /> <br />Community <br /> <br />Redevelopment Agency was <br /> <br />MINUTES <br /> <br />A motion was made by Mr. Bricken, seconded by Mr. Ward and carried <br />unanimously to approve the Minutes of the Regular Meeting of <br />September 17, 1979, and the Special Meeting of October 1,1979. <br /> <br />CONTINUATION: <br /> <br />SELECTION OF UNDERWRITER FOR SB 99 BOND ISSUE <br /> <br />The Chairman stated that the Agency would hear presentations from <br />each of the four firms that submitted proposals for Underwriter for <br />the SB 99 Bond Issue. Representatives of the following firms made <br />presentations: <br /> <br />Frank <br />Co. <br /> <br />Soriano <br /> <br />and Bruce Rothenberg of Blyth Eastman Dillon & <br /> <br />Noah Newmark and Alan Altura of Paine Webber Jackson & Curtis, <br />Inc. <br /> <br />Dennis Ciocca of E. F. Hutton & Co. <br /> <br />Jim Iverson of Miller & Schroeder Municipals, Inc. <br /> <br />Lengthy discussion was held with each of the firms. <br /> <br />Mr. James Saffran, President of Stone & Youngberg (the Agency's <br />financial consultant for the proposed bond issue), stated that he <br /> <br />-3- <br />