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<br />" <br /> <br />. <br /> <br />3. <br /> <br />Raymond and Dehlia Rangel - 302 and 308 East Fourth Street <br />Robert Benitez - 310 East Fourth Street <br /> <br />4. <br /> <br />5. <br /> <br />Robert and Lorretta Escalante <br />302 and 304 North French Street <br /> <br />- 309 East Third Street and <br /> <br />6. <br /> <br />Jesus Galvan - 316, 318 and 320 East Fourth Street <br /> <br />ACQUISITION OF PROPERTY WITHIN <br />201-213 N. SYCAMORE STREET <br /> <br />THE <br /> <br />A-ll <br /> <br />DEVELOPMENT <br /> <br />SITE: <br /> <br />It was moved by Agency Member Luxembourger, seconded by Vice <br />Chairman Johnson and carried unanimously that the Agency <br />authorize the Chairman of the Community Redevelopment Agency of <br />the City of Santa Ana to execute that certain agreement <br />entitled, "Agreement for Acquisition of Real Property and <br />Escrow Instructions", with Universal Terminals, Inc., a <br />corporation, for purchase of property commonly known as 210-213 <br />North Sycamore Street for a total purchase price of $392,000.00. <br /> <br />. <br /> <br />APPROVAL TO RESCIND THE DISPOSITION AND DEVELOPMENT <br />WITH URBAN VENTURES CORPORATION ON THE A-9 SITE <br /> <br />AGREEMENT <br /> <br />It was moved by Agency Member McGuigan, seconded by Chairman <br />Griset and carried unanimously (7:0) that the consideration by <br />the Agency of the approval to rescind the Disposition and <br />Development Agreement with Urban Ventures Corporation on the <br />A-9 site be continued to the Agency Meeting of March 18, 1986 <br /> <br />AMENDMENT TO DIRECT COMMERCIAL LOAN TERMS FOR PROPERTIES WITHIN <br />THE FIESTA MARKETPLACE PROJECT tA-8 SITE) <br /> <br />It was moved by Agency Member Luxembourger, seconded by Agency <br />Member Acosta and carried unanimously (7:0) that the Agency <br />approve an amendment to the Direct Commercial Loan Program <br />extending the loan "balloon" date from seven to ten years for <br />owner participants within the Fiesta Marketplace Project who <br />also receive Urban Development Action Grant funds. <br /> <br />. <br /> <br />APPROVAL OF URBAN VENTURES ASSIGNMENT <br />PARTNERSHIP, LTD. FOR THE A-5 SITE <br /> <br />It was moved by Agency Member McGuigan, seconded by Vice <br />Chairman Johnson and carried unanimously (7:0) that the Agency <br />consent to Urban Ventures Corporation joining with Capital <br />Investment Properties, Inc. and Michael V. Reyes, in a limited <br />partnership in which Urban Ventures Corporation is the general <br />partner, to acquire and develop the A-5 site pursuant to the <br />Disposition and Development Agreement dated September 25, 1984. <br /> <br />TO <br /> <br />LE <br /> <br />PROVENCAL <br /> <br />7. <br />