06-16-1987 - Laserfiche WebLink

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, . . '. . . . ( MINUTES REGULAR MEETING COMMUNITY REDEVELOPMENT AGENCY JUNE 16, 1987 Vice Chairperson McGuigan called the Agency Study Session to order at 5:40 P.M. in Room 147 of the Council Chambers, 22 civic Center Plaza, Santa Ana, CA. At 6:10 P.M. the Study Session was adjourned to the Council Chamber for the Business Session. Following the Pledge of Allegiance, the roll was called: PRESENT ABSENT Daniel H. Young, Chairman John Acosta Daniel E. Griset (5:45 P.M.) Wilson Hart (5:46 P.M.) Ron May Patricia McGuigan, Vice Chairperson Miguel A. Pulido INTER-CITY STRATEGY PLAN It was moved by Agency Member Pulido, seconded by Agency Member Acosta and carried unanimously (6:0) that the Agency receive and file the Strategy Plan for the Inter-city Commuter station Redevelopment Project Area. MINUTES It was moved by Agency Member Acosta, seconded by Agency Member Pulido and carried unanimously (6:0) that the Minutes of the Joint Regular Meeting of the Community Redevelopment Agency/City Council, held May 19, 1987, be approved. SHORT TERM BANK LOAN TO COMPLETE RELATED TO THE SANTA FE NOTE REPAYMENT OBLIGATIONS OF In response to a question from Agency Member Pulido, the Executive Director/Community Development stated that the loan amount will be repaid with the land sales proceeds from parcels to be sold to the auto dealers during the 1987-88 fiscal year and from tax increment. It was then moved by Agency Member Griset, seconded by Agency Member May and carried unanimously (6:0) that the Agency direct the Agency Attorney to prepare and authorize the Chairman and Executive Director to execute a short-term loan agreement for $3.9 million with Banque paribas for the purpose of completing the repayment of obligations resulting from the Santa Fe Loan Agreement.