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<br />" <br /> <br />. <br />. <br /> <br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />" <br /> <br />:!.~!I.!2~~~JNG (C2~!:.inue~ <br /> <br />When the Chairman asked for written communications, the Clerk of the Council <br />responded that there were none. <br /> <br />When the Chairman asked if there were members of the public who wished to <br />address the Agency on this matter, there was no response. <br /> <br />The Chairman declared the Public Hearing closed at 6:08 p.m. and stated that a <br />motion to adopt Resolution No. 88-06 was in order. <br /> <br />It was then moved by Agency Member May, seconded by Agency Member Pulido and <br />carried unanimously (7:0) that the Agency adopt Resolution No. 88-06: A <br />Resolution of the Community Redevelopment Agency of the City of Santa Ana <br />approving an Agreement between the Agency and Historic French Park <br />Association, Inc. <br /> <br />Agency Member May left the Council Chambers at 6:15 p.m. <br /> <br />REIMBURSEMENT AGREEMENT FIESTA MARKETPLACE - A-8 DEVELOPMENT <br />-------------- <br /> <br />It was moved by Agency Member Acosta, seconded by Agency Member Hart and <br />carried unanimously (6:0) to authorize the Agency Attorney to prepare and the <br />Chairman to execute a Reimbursement Agreement with Allan Fainbarg for parking <br />improvements relating to Fiesta Marketplace in an amount not to exceed <br />$250,000. <br /> <br />AFFORDABLE DEVELOPMENT AGREEMENT BETWEEN THE SANTA ANA COMMUNITY REDEVELOPMENT <br />~~~Y AND RIDGEWOOD D~~..!:-E~'!.~.!, INC. FOR THE BENTLEY PAR.!~~'!:.~NT PR~E! <br /> <br />It was moved by Vice Chairperson McGuigan, seconded by Agency Member Acosta <br />and carried unanimously (6:0) to approve and authorize the Chairman to execute <br />an Affordable Development Agreement between the Santa Ana Community <br />Redevelopment Agency and Ridgewood Development, Inc. for the Bently Parke <br />Apartment Project. <br /> <br />~~~~.1~~RSEN PUR~~~~'!<~!~~'!-E!I! <br /> <br />It was moved by Agency Member Hart, seconded by Agency Member Pulido and <br />carried unanimously (6:0) to authorize the Chairman of the Redevelopment <br />Agency to execute the Purchase and Sale Agreement and Joint Escrow <br />Instructions between Emerson Electric Company and.the Redevelopment Agency. <br /> <br />PROMISSORY NOTE BUILDERS EXCHANGE ASSOCIATES 202-210 NORTH MAIN <br />-- - --- ------ --- ---- ------- <br /> <br />It was moved by Vice Chairperson McGuigan, seconded by Agency Member Hart and <br />carried unanimously (6:0) to adopt Resolution No. 88-07: A Resolution of the <br />Community Redevelopment Agency of the City of Santa Ana authorizing the <br />Refinancing of a Rehabilitation Loan Secured by Property located at 202-210 <br />North Main Street. <br /> <br />-2- <br />