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<br />. <br /> <br />. <br /> <br />. <br /> <br />2. <br /> <br />Grant Mohler-Vista a 90-day exclusive right to <br />negotiate for the site based on their office <br />condominium proposal. <br /> <br />EXCLUSIVE RIGHT TO NEGOTIATE FOR BLOCK BOUNDED BY SYCAMORE, <br />MAIN, SECOND AND THIRD STREETS <br /> <br />A motion was made by Mr. Griset, seconded by Mr. Acosta and <br />carried unanimously that Barbara Mathewson, John Yelland and <br />Robert Lawson be granted a second six month exclusive right <br />to negotiate for the development of the block bounded by <br />Sycamore and Main, Second and Third Streets, excepting only <br />the Builders Exchange Building on the southeast corner of <br />the subject block contingent upon the payment of one-half <br />the cost of necessary appraisals and economic feasibility <br />analysis. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - NOTE SALE- <br />BROADWAY IMPROVEMENT COMPANY, INC. (LAWRENCE BUILDING) <br /> <br />A motion was made by Mr. Serrato, seconded by Mr. Acosta and <br />carried unanimously to adopt Resolution 81-53: A RESOLUTION <br />OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA APPROVING THE SALE OF A $505,000 PROMISSORY NOTE TO <br />WELLS FARGO BANK, PURSUANT TO THE MAJOR COMMERCIAL <br />REHABILITATION LOAN PROGRAM. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - OFFICIAL ACTION - <br />SAADI, McCULLOCH, ORTIZ, BEEM, WOOD, PHILLIPS ET AL, <br />FREEMAN, UYESUGI & ROELOFF <br /> <br />A motion was made by Mr. Serrato, seconded by Ms. McGuigan <br />and carried unanimously to adopt Resolution 81-54: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA AUTHORIZING BOND ISSUES FOR THE FUNDING OF <br />PERMANENT LOANS FOR REHABILITATION OF SPECIFIED PROPERTY AND <br />MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH. <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - SUPPLEMENTARY LOAN <br />FLAHERTY PROJECT, 505 N. MAIN STREET <br /> <br />A motion was made by Mr. Serrato, seconded by Mr. <br />Luxembourger and carried unanimously to adopt Resolution 81- <br />55: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO <br />EXECUTE AN AGREEMENT TO PURCHASE SECURED PROMISSORY NOTE <br />BETWEEN THE AGENCY AND WELLS FARGO BANK, N.A. <br /> <br />-3- <br />