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<br />. <br /> <br />. <br /> <br />~ <br /> <br />EXCLUSIVE RIGHT TO NEGOTIATE, RIVERVIEW COMMUNITY PARTNERSHIP <br />(FIRST STREET/FIFTH STREET/SUSAN STREET/SANTA ANA RIVER) <br /> <br />It was moved by Mrs. McGuigan, seconded by Mr. Johnson that <br />the Agency grant a l80-day Exclusive Right to Negotiate to <br />the Riverview Community partnership for the development of a <br />single family residential project on property west of the <br />Santa Ana River between First, Fifth and Susan Streets. <br /> <br />AYES: <br /> <br />Acosta, Griset, Hart, Johnson, Luxembourger, <br />McGuigan and Young <br />None <br />None <br /> <br />NOES: <br />ABSENT: <br /> <br />EXCLUSIVE RIGHT TO NEGOTIATE, MDC REALTY, INC. <br /> <br />Chairman Griset stated that, after discussions with <br />McDonnell Douglas and the Santa Fe Land Improvement Company, <br />he was convinced that the proposed project would be a great <br />opportunity for the City of Santa Ana to move forward since <br />it would provide thousands of new jobs for its residents. <br />He added that he was pleased to support the motion because <br />he felt it was a statement which demonstrated the Agency's <br />commitment to the best interests of the community. <br /> <br />The City Manager pointed out that the number of jobs that <br />would be furnished by this project had been mis-stated in <br />that there would be approximately 6,000 jobs instead of the <br />4,000 first reported. He added that there would be <br />approximately 1.7 million square feet of floor space in the <br />new development. <br /> <br />After further discussion, it was moved by Mr. Johnson, <br />seconded by Mrs. McGuigan that the Agency grant a 90-day <br />Exclusive Right to Negotiate to MDC Realty, Inc. <br /> <br />AYES: <br /> <br />Acosta, Griset, Hart, Johnson, Luxembourger, <br />McGuigan and Young <br />None <br />None <br /> <br />NOES: <br />ABSENT: <br /> <br />DISPOSITION & DEVELOPMENT AGREEMENT FOR THE C-5 SITE, LOWY <br />DEVELOPMENT CORP. <br /> <br />It was moved by Mrs. McGuigan, seconded by Mr. Johnson that <br />the Agency approve and consent to the assignment of that <br />certain Disposition and Development Agreement with Lowy <br />Development Corporation, dated July 17,1985 to Lowy/Merit. <br /> <br />AYES: <br /> <br />Acosta, Griset, Hart, Johnson, Luxembourger, <br />McGuigan and Young <br />None <br />None <br /> <br />NOES: <br />ABSENT: <br /> <br />-2- <br />