Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />BRUMMETT, AND PARTICIA K. <br />ESTATE OF NINA OLIVE DANIEL. <br /> <br />BRUMMETT <br /> <br />AS EXECUTRIX FOR THE <br /> <br />AYES: <br /> <br />Griset, Serrato, Acosta, <br />McGuigan, Luxembourger <br />Markel <br />Br icken <br /> <br />NOES: <br />ABSENT: <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM - NOTE <br />HOROWITZ BROTHERS 1975 TRUST (RANKIN BUILDING) <br /> <br />SALE - <br /> <br />A motion was made by Mr. Griset, seconded by Mr. Serrato and <br />carried by a vote of 5:1 (Mr. Markel casting the "NO" vote) <br />to adopt Resolution 81-51: A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE <br />SALE OF A $1,000,000 PROMISSORY NOTE TO WELLS FARGO BANK, <br />PURSUANT TO THE MAJOR COMMERCIAL REHABILITATION LOAN <br />PROGRAM. <br /> <br />EXECUTIVE SESSION <br /> <br />At 11:22 p.m. the Redevelopment Agency adjourned to an <br />executive session to discuss legal matters. The meeting was <br />reconvened at 11:23 p.m. with the same members present. <br /> <br />SETTLEMENT OF FAINBARG CONDEMNATION <br /> <br />A motion was made by Ms. McGuigan, seconded by Mr. Serrato <br />anc carried by a vote of 5:1 (Mr. Markel casting the "NO" <br />vote) for settlement of the case against Allan Fainbarg, et <br />al in the amount of $275,000.00. <br /> <br />ADJOURNMENT <br /> <br />There being no further business <br />Redevelopment Agency, the meeting <br />p.m. to July 20, 1981. <br /> <br />before the Community <br />was adjourned at 11:24 <br /> <br /> <br />~ <br /> <br /> <br />Executive Director <br /> <br />-8- <br />