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<br />- <br /> <br />.. <br /> <br />. <br /> <br />Mr. Swanson advised that Mr. Jules Walder of Ferrante/Walder <br />Company was present. Chairman Bricken then invited Mr. <br />Walder to address the Agency. <br /> <br />Mr. Walder said that he appreciated the work done by staff <br />and the opportunity to address the Agency. He stated that <br />Ferrante/Walder had been in business since 1969 and had, <br />through these years of experience, assembled some of the <br />best people in the field of consulting and independent <br />contracting. He added that they had developed over $300 <br />million of property in Southern California from Ventura <br />County to San Diego County. Mr. Walder stated that <br />Ferrante/Walder intended to move their corporate head- <br />quarters to this site and were anxious to proceed with the <br />project as soon as possible. He added that, as a part of <br />his presentation, he had asked Mr. Peter Serdano, Vice <br />President of Imperial Leasing and Senior Vice President of <br />Imperial Bank Mortgage Company, to address the Agency as to <br />his Company's point of view regarding the Ferrante/Walder <br />proposal. Mr. Serdano said that his company was in the <br />business of making real estate loans primarily and that they <br />looked to the real estate for the ability to repay, not from <br />the sale of the project, but from the viability of the <br />project to service the loan. <br /> <br />He added that if the first four-story phase would lease <br />successfully then the developer could proceed to the second <br />four-story building, and after leasing it proceed to the <br />third phase. <br /> <br />Mr. Jones addressed the Agency and said that they had <br />attempted to design this project so that it would not <br />intrude upon the surrounding residential areas. <br /> <br />Chairman Bricken thanked Mr. Walder for his presentation and <br />then invited Mr. John Webb of Forest City Dillon, Inc. to <br />address the Agency. <br /> <br />Mr. Webb said that, even though they had not been the number <br />one choice on Site B-1, Forest City Dillon expected to <br />participate on some other site within the project area and <br />welcomed the opportunity to acquaint the Agency with their <br />Company's potentials. Mr. Webb then outlined Forest City <br />Dillon's corporate structure, experience in the field of <br />real estate development and dollar volume of construction. <br /> <br />After a lengthy discussion, it was moved by Mr. Griset, <br />seconded by Mr. Luxembourger and carried by a 5:1 vote (Mr. <br />Serrato casting the "NO" vote) to adopt Resolution 82-2: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA AUTHORIZING THE CHAIRMAN OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO EXECUTE AN <br />EXCLUSIVE NEGOTIATION AGREEMENT WITH ROBERT FERRANTE AND <br />JULES WALDER FOR PROPERTY KNOWN AS THE "B-1 SITE;'. <br /> <br />-6- <br />