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<br />. <br /> <br />. <br /> <br />. <br /> <br />and development area for the new Main Place commercial complex. <br />She stated further that the net Agency cost would be $25,000. <br />She pointed out that Santa Ana Venture, following execution of <br />the Participation Agreement, will advance the Agency the <br />necessary funds to acquire Parcels 2 and 3. <br /> <br />The City Attorney stated that the Agency Resolution No. 85-25 <br />should be subject to receiving confirmation from Santa Ana <br />Venture, in writing, that they will fund this acquisition. He <br />added that Santa Ana Venture hsd given oral assurances that this <br />letter would be forthcoming. <br /> <br />In response to a question from Mr. Luxembourger, the City <br />Attorney stated that he felt the adoption of Resolution 85-25 <br />should be made subject to written confirmation from Santa Ana <br />Venture and that he believed this letter of confirmation would be <br />forthcoming within a few days. <br /> <br />In response to further questions from Mr. Luxembourger, the <br />Redevelopment Officer stated that the perimeter road had not, as <br />yet, been designed but that she expected it to be a four-lane <br />road, the same as Broadway, and that it would be a minimum of 70 <br />feet in width. She added that all of the particulars regarding <br />this matter would be brought before the Agency for approval at a <br />later date. <br /> <br />Following further discussion, it was moved by Mr. Luxembourger <br />and seconded by Mr. Young that the Agency: <br /> <br />1. <br /> <br />Adopt Resolution No. 85-25, subject to written confirmation <br />from Santa Ana Venture that they will advance to the Agency <br />the necessary funds to carry out the Agreement: A <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA APPROVING AN AGREEMENT BETWEEN THE AGENCY <br />AND KLST PARTNERSHIP, LTD. <br /> <br />2. <br /> <br />Approve the project budget and authorize its implementation <br />by the Redevelopment Commission. <br /> <br />AYES: Acosta, Hart, Johnson, Luxembourger, McGuigan and <br />Young <br /> <br />NOES: None <br /> <br />ABSENT: Griset <br /> <br />It was moved by Councilmember Luxembourger, seconded by Council <br />Member Young and carried unanimously (6:0) that the City Council <br />adopt: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE <br />RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA PURSUANT TO A PARTICIPATION AGREEMENT BETWEEN THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND KLST <br />PARTNERSHIP, LTD., FOR THE SALE OF CERTAIN REAL PROPERTY IN THE <br />SANTA ANA REDEVELOPMENT PROJECT AND APPROVING THE SALE OF SAID <br />REAL PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED IN THAT <br /> <br />-2- <br />