06/04/2001 - Laserfiche WebLink

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. . . 2. Approve a loan to Safely on Shore Ministries Inc. in an amount not to exceed $80,000 for the acquisition of 1402 S. Parton. Following the presentation of the staff report, Council Discussion ensued. Council member Alvarez made the following motion, seconded by Council member Bist: Motion: (Alvarez-Bist) Approve Staff recommendations as amended to provide: 1. 60% of the residents of 1402 S. Parton shall be Santa Ana residents before becoming residents at the shelter, and 2. Increase the amount of the loan to Safely on Shore Ministries, Inc to $115,000 to reflect the value of the property in 2001 Discussion continued. Councilmember Bist offered a friendly amendment to require that the covenant on the property restrict residency to single family occupancy. Councilmember Alvarez accepted this amendment to her motion. Debate continued. Council member Franklin stated that he could not support the 60% prior Santa Ana residency requirement. He did, however support Council member Bist's amendment. Council member McGuigan introduced the following substitute motion, seconded by Councilmember Franklin: Substitute Motion: (McGuigan- Franklin) Approve staff recommendations as amended to provide that the covenant on the property require that residency be restricted to single family occupancy. Council member Alvarez withdrew her motion, and introduced the following Substitute Motion: Substitute Motion: (Alvarez-Bist) 1. Adopt a resolution authorizing the sale of Agency-owned property located at 1402 S. Parton and all other documents. 2. Require that residency at the property be restricted to single family occupancy 3. In the event the property is sold during the term of the loan, Safely on Shore Ministries, Inc shall be required to reimburse the Community Redevelopment Agency the full amount of the loan including the additional $35,000 that reflects the increased difference in the value of the property since 1997 CRA MINUTES 3 JUNE 4, 2001