04/21/1980 - Laserfiche WebLink

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. . . . ? Mr. Howard Block, 1226 N. Broadway, Santa Ana, representing Mr. Fainbarg, addressed the Agency and stated that Mr. Neal has indicated that the property was for sale -- he just needed to arrive at a price that was acceptable. Mr. Block's and Mr. Fainbarg's feeling is that he (Mr. Neal) has nothing specific in mind. Mr. Block further stated that Mr. Fainbarg is prepared to proceed to develop this property with a three story office structure (to contain Mr. Block's law office and Mr. Fainbarg's offices), and that they would like to proceed with the development as expeditious as possible. A motion was made by Mr. Luxembourger, seconded by Mr. Serrato and carried by the following roll call vote to grant Mr. Allan Fainbarg a six month exclusive right to negotiate for the development of a site bounded by Civic Center Drive, Main and Bush Streets, subject to the payment of one-half of the cost of the necessary feasibility study and the future availability of Agency funds. AYES: NOES: ABSENT: Bricken, Griset, Luxembourger, Serrato, Ward, Yamamoto Markel None EXECUTION OF QUIT CLAIM DEED TO CITY OF SANTA ANA After brief discussion, a motion was made by Mr. Luxembourger, seconded by Mr. Ward and carried (Mr. Markel voted NO) to adopt Resolution 80-47: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE AGENCY TO EXECUTE A QUIT CLAIM DEED. Due to a conflict of interest, Chairman Ward left the meeting. meeting was turned over to Vice Chairman Griset. The INITIATION OF CONDEMNATION ACTIONS A motion was made by Mr. Luxembourger, seconded by Mr. Serrato and carried by the following roll call vote to authorize staff to prepare and present notices advising property owners of Assessor Parcels 008-123-04, 051 005-103-12, 26, 28, 27, 131 008-055-01,02, 031 008-111-04 of the Agency's intention to hold public hearings for the purpose of adopting Resolutions of Necessity at its regular meeting of May 19, 1980. AYES: NOES: ABSENT: ABSTAINED: Bricken, Griset, Luxembourger, Serrato, Yamamoto Markel None Ward CONTINUED ITEM/SB-99 COMMERCIAL BOND The Assistant Executive Director and Mr. Gibbs, of E. F. Hutton (the underwriting firm), reviewed the SB-99 Commercial Bond program. After brief discussion, a motion was made by Mr. Serrato, seconded by Mr. Luxembourger and carried by the following roll call vote to adopt Resolution 80-39: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA DECLARING ITS INTENTION TO AUTHORIZE THE ISSUANCE OF BONDS FOR THE PURPOSE OF PROVIDING PERMANENT FINANCING FOR COMMERCIAL STRUCTURES TO BE CONSTRUCTED BY CERTAIN NAMED DEVELOPERS. AYES: NOES: ABSENT: ABSTAINED: Bricken, Griset, Luxembourger, Serrato, Yamamoto Markel None Ward -3-