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<br />. <br /> <br />. <br /> <br />. <br /> <br />'. <br /> <br />Santa Fe development. <br /> <br />Those speaking were: <br /> <br />Mr. Paul Winberg, Attorney for Broadley-James Corp. <br />Ms. Teresa Forest, Representative of Classic Cars <br />Mr. Blake Woodward, 936 No. Beach (Representing his family) <br />Mr. Niles Gant, 1712 Newport Circle (Representing commercial <br />tenants within the area) <br /> <br />ANNUAL REPORT FOR FISCAL YEAR 1984-85 <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member <br />Luxembourger and carried unanimously (4:0) that the Agency <br />approve the Annual Report consisting of: <br /> <br />1. <br /> <br />The Annual Audit Report as prepared by Conrad and <br />Associates <br /> <br />2. <br /> <br />The Annual Report of Financial Transactions <br /> <br />3. <br /> <br />Schedule HCD describing the Agency's activities affecting <br />housing and displacement. <br /> <br />ORAL COMMUNICATIONS - APPROVAL OF SUBORDINATION OF TAX ALLOCATION <br />AGREEMENT <br /> <br />It was moved by Agency Member Luxembourger, seconded by Agency <br />Member Hart and carried unanimously (4:0) that the Agency approve <br />an agreement subordinating the site specific commitment of tax <br />increment from the Fashion Square Commercial Center Site to the <br />debt service requirement of the refunding bond. <br /> <br />ORAL COMMUNICATIONS - RESOLUTION AUTHORIZING THE ISSUANCE OF TAX <br />ALLOCATION REFUNDING BONDS AND AWARDING THE BONDS TO R. H. <br />MOULTON AND COMPANY <br /> <br />It was moved by Agency Member Hart, seconded by Vice Chairman <br />Johnson and carried unanimously that the Redevelopment Agency <br />adopt Resolution NO. 85-61: A RESOLUTION OF THE CITY OF SANTA <br />ANA COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF <br />TAX ALLOCATION REFUNDING BONDS OF SAID AGENCY IN THE PRINCIPAL <br />AMOUNT OF TWENTY MILLION DOLLARS ($20,000,000) TO REFUND THE <br />EIGHTEEN MILLION DOLLAR ($18,000,000) CONTRACTUAL OBLIGATION OF <br />THE AGENCY (MAINPLACE PROJECT) AND AWARDING THE BONDS TO R. H. <br />MOULTON AND COMPANY. <br /> <br />EXECUTIVE SESSION <br /> <br />The Agency Members adjourned to Executive Session at 9:07 P.M. <br /> <br />-3- <br />