05/19/1980 - Laserfiche WebLink

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. . . ~ CONTINUATION/RESIDENTIAL 1980 MORTGAGE REVENUE BONDS, ISSUE OF Received and filed. STATUS OF DEVELOPERS ADVANCES The Agency granted its developers 90 day extensions for the payment of their advances contingent upon each developer paying 12% interest on all due advances at the time of granting the 90 day extension. BLOWER MORTUARY SITE Received and filed. ************************CONSENT CALENDAR FINIS********************** EAST FOURTH STREET STUDY AREA PRELIMINARY FINDINGS Staff called the attention of the Agency to the copy of the East Fourth Street Study Area Preliminary Findings which had been provided and advised that Mr. Donald H. Otterman of Urban Futures, Inc. was present in the Council Chambers and wished to make an oral presentation on this preliminary study. After being recognized by the Chair, Mr. Otterman pointed out that the following subjects were addressed in this preliminary study: Assessed Value and Land Use; Traffic Circulation; Infrastructure; Conflicting Land Use Recommendations; Structural Conditions; Structure of Historical or Architectural Significance. He added that, in making recommendations for the traffic circulation study, both the General Plan and the Downtown Santa Ana Study were considered, and that, in the Infrastructure Study, all utilities were reviewed to determine their adequacy for the redevelopment and rehabilitation and, for the most part, were found to be adequate with the exception of certain electrical equipment which will have to be updated. Mr. Otterman said that there had been several previous reports on land use in the Project and that they were considered but that they were found to have conflicting recommendations. He added that it was Urban Futures' goal to combine the best features of these recommendations into a land use plan for the area. He stated further that all structures within the area were reviewed and costs of rehabilitation were estimated; these costs were based on casual observation and not on a professional structural analysis (those costs which were included were for the rehabilitation of faulty floors, walls, plumbing, etc., but not for seismic rehabilitation). The determination of what structures were of historical or architectural significance was made after a review of the area by Urban Futures with the Santa Ana Historical Society. Mr. Otterman pointed out that, if a structure were placed on the National Register for Historic Structures and it was later found to be uneconomical to rehabilitate the structure thus making demolition necessary, then there might be the possibility of losing funds from certain Federal Grants in which the City is interested. Mr. Otterman added that the first block of East Fourth Street, as well as two other structures, had been nominated for the National Register. He further noted that, once a structure is placed on the National Register, it is very difficult to remove it. 2. ~