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<br />. <br /> <br />. <br /> <br />. <br /> <br />. . <br /> <br />The Clerk of the Council read the following: <br /> <br />The Legal Counsel requests that the Redevelopment Agency recess to Closed <br />Session, pursuant to Government Code Section 54956.9(A) to confer with its <br />attorney regarding pending litigation which has been initiated formally, and <br />to which the Redevelopment Agency is a party. <br /> <br />The Legal Counsel requests that the Redevelopment Agency recess to Closed <br />Session to confer with its attorney regarding pending litigation pursuant to <br />Government Code Section 54956.9(B) (1) - (significant exposure). <br /> <br />The title of the litigation is: <br /> <br />Communi tv RedeveloDment A2encv vs. Maxson <br /> <br />RECONVENE <br /> <br />The Community Redevelopment Agency meeting reconvened at 9:27 p.m. with all <br />Agency Members present with the exception of Agency Member McGuigan. <br /> <br />AS 265 (CHAPER 1135. STATUTES OF 1985) RESIDENTIAL SET-ASIDE COMPLIANCE FINDING <br /> <br />It was moved by Agency Member Acosta, seconded by Agency Member Norton and <br />carried (5:0) that the Redevelopment Agency adopt Resolution No. 89-14 - a <br />Resolution of the Community Redevelopment Agency of the City of Santa Ana <br />making certain findings pursuant to Section 33334.2 of the Community <br />Redevelopment Lew for Fiscal Year 1989-90. <br /> <br />AUTHORIZATION OF THE ISSUANCE OF 1989 TAX ALLOCATION BONDS REFUNDING 1985 <br />SERIES A-D <br /> <br />It was moved by Agency Member Acosta, seconded by Agency Member Norton and <br />carried (5:0) that the Redevelopment Agency adopt Resolution No. 89-15 - a <br />Resolution of the Community Redevelopment Agency of the City of Santa Ana <br />authorizing the issuance of 1989 tax allocation refunding bonds (1985 series A <br />through D bonds), approving indentures of trust relating thereto, authorizing <br />sale of such bonds, approving substitution of remarketing agent and official <br />statement, and authorizing officisl action. <br /> <br />FISCAL YEAR 1989-90 BUDGET <br /> <br />Agency Kember Norton made a motion which was seconded by Agency Member Acosta <br />and carried (5:0) for a 30-day continuance of this item. <br /> <br />EXCLUSIVE RIGHT TO NEGOTIATE <br /> <br />It was moved by Agency Kember Norton, seconded by Agency Member Kay and <br />carried (4:0) - (Chairman Young abstained) that the Redevelopaent Agency grant <br />an extension of the Exclusive Right to Negotiate to Hopkins Development <br />Company for development of the Orange County Jewelry Mart, located on the A-16 <br />site, to June 1, 1990. <br /> <br />-5- <br />