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09/21/1982
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SUCCESOR AGENCY(formerly Community Redevelopment Agency)
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09/21/1982
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1/3/2012 1:15:17 PM
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3/3/2005 11:21:55 AM
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City Clerk
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Minutes
Date
9/21/1982
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<br />. <br /> <br />. <br /> <br />. <br /> <br />, <br /> <br />3. <br /> <br />Approve a Guarantee Agreement between the <br />Community Redevelopment Agency of the City of <br />Santa Ana and Wells Fargo Bank, N.A. (McCulloch/ <br />116 W. Fourth). <br /> <br />4. <br /> <br />Approve a Guarantee Agreement between the <br />Community Redevelopment Agency of the City of <br />Santa Ana and Wells Fargo Bank, N.A. (Wood/118- <br />120 W. Fourth). <br /> <br />5. <br /> <br />Approve a Guarantee Agreement between the <br />Community Redevelopment Agency of the City of <br />Santa Ana and Wells Fargo Bank, N.A. (Elias/209- <br />213 W. Fourth). <br /> <br />6. <br /> <br />Approve a Guarantee Agreement between the <br />Community Redevelopment Agency of the City of <br />Santa Ana Wells Fargo Bank, N.A. (Beem/223 W. <br />Fourth and 405-411 N. Broadway). <br /> <br />MAJOR COMMERCIAL REHABILITATION PROGRAM MODIFICATION OF <br />EXISTING COMMERCIAL REHABILITATION SUPPLEMENTAL LOAN <br />AGREEMENT - FLAHERTY PROJECT 505 N. MAIN STREET <br /> <br />A motion was made by Mrs. McGuigan, seconded by Mr. Acosta <br />and carried by a 6:1 vote (Mr. Markel casting the "NO" <br />vote) to authorize the Chairman of the Community <br />Redevelopment Agency of the City of Santa Ana to execute a <br />Rehabilitation Supplemental Loan Agreement for the Flaherty <br />Project, located at 505 North Main Street (to extend the <br />repayment period for three additional years). <br /> <br />MAJOR COMMERCIAL REHABILITATION <br />RAMONA PROJECT - 118 W. 5TH <br /> <br />PROGRAM <br /> <br />DEFERRED LOAN - <br /> <br />A motion was made by Mr. Luxembourger, seconded by Mr. <br />Griset and carried by a 6:1 vote (Mr. Markel casting the <br />"NO" vote) to approve a Commercial Rehabilitation Loan <br />Supplemental Agreement with the Ramona Partnership which <br />will allow the repayment of the $18,000 Revolving Loan, <br />owed to the Agency by the participant, to be deferred for <br />two years. <br /> <br />McCULLOCH REHABILITATION PROPOSAL - 110 W. FOURTH STREET <br /> <br />A motion was made by Mr. Griset, seconded by Mrs. McGuigan <br />and carried by a 6:1 vote (Mr. Markel casting the "NO" <br />vote) to approve a Commercial Rehabilitation Participation <br />Agreement (110 W. Fourth Street) between the Community <br />Redevelopment Agency and Jack and Joy McCulloch. <br /> <br />-3- <br />
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