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<br />'. <br />\. <br /> <br />~ <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Lender and Servicer for the program. The Executive Director <br />requested that the Agency approve additional mortgage loan <br />purchase and servicing agreements with Citizens Savings and <br />Loan Association. If this request is approved, Citizens <br />Savings would receive the same fees as Wells Fargo Mortgage <br />Company. <br /> <br />After further discussion, a motion was made by Mr. Ward, <br />seconded by Mr. Griset and carried by a vote of 4:1 (Mr. <br />Markel casting the "NO" vote) that the Agency authorize the <br />Chairman to execute Mortgage Loan Purchase and Servicing <br />Agreements with Citizens Savings and Loan Association for <br />City of Santa Ana Residential Mortgage Revenue Bonds Issue <br />of 1980. <br /> <br />RECESS <br /> <br />The meeting was recessed by the Chairman at 2:50 P.M. to the <br />evening session (after the Council Meeting) to continue <br />discussion on Item 5B (Amendment to the Warren K. Van Ingen <br />et al Participation Agreement) and Item 5C (Amendment to the <br />Ross and Fifth Development Corporation). <br /> <br />The Meeting was reconvened with the same members present at <br />12:14 a.m. <br /> <br />AMENDMENT <br />AGREEMENT <br /> <br />TO <br /> <br />THE <br /> <br />WARREN <br /> <br />K. VAN INGEN ET AL PARTICIPATION <br /> <br />A motion was made Mr. Griset, seconded by Mr. Yamamoto and <br />carried unanimously to adopt Resolution 80-103: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE AGENCY TO <br />EXECUTE A SECOND AMENDMENT TO THE PARTICIPATION AGREEMENT <br />BETWEEN THE AGENCY AND WARREN K. VAN INGEN, ET AL. <br /> <br />AMENDMENT TO THE ROSS AND FIFTH DEVELOPMENT CORPORATION <br /> <br />A motion was made by Mr. Griset, seconded by Mr. Yamamoto <br />and carried unanimously to adopt Resolution 80-104: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE AGENCY TO <br />EXECUTE AN AMENDMENT TO THE DISPOSITION AND DEVELOPMENT <br />AGREEMENT BETWEEN THE AGENCY AND THE ROSS AND FIFTH <br />DEVELOPMENT COMPANY. <br /> <br />ADJOURNMENT <br /> <br />There being no further business before the Community <br />Redevelopment Agency, the meeting was adjourned to October <br />6,1980 at 2:00 P.M. in the City Council Chambers. <br /> <br /> <br />Dag~~ <br /> <br /> <br />Executive Director <br /> <br />-5- <br />