1978-12 CRA - Laserfiche WebLink

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1 2 8 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 123 24 25 28 27 28 29 30 31 32 33 34 35 38 37 38 38 40 41 42 43 . 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 58 60 61 62 63 .: 68 67 68 68 70 71 72 73 74 7S I '" Proof of Fobrua:y 21, 1978 SANTA ANA-7923 Bowne of San Francisco, IDc" 981-7882 GALLEY 33- Phase I-Construction of a 1,400-space parking structure, This is currently under construction, financed by a Federal grant. The Agency will utilize Bond proceeds to finance needed peripheral street improvements, Phase II-Private development and construction of one additional department store and additional specialty shops, Phase III-Private development of a third de- partment store, The Agency is currently negotiating an Owner Participation Agreement with the present owner of the existing Fashion Square shopping center to effect Phases II-III, Bond proceeds will be used to finance land acqui- sition and construction of various public improve- ments, The three phases would result in construction of a'137,500 square-foot Ward's department store, a 135,000 square-foot department store (tenant to be named), 114,000 additional square feet of specialty shops, a 16,000 square-foot office and restaurant complex and the aforementioned 1,40O-space park- ing facility, Private new investment in the center will be an estimated $25.4 million, which includes con- slruction, lease acquisition and equity capital. OCTD Park and Ride Facility, The Orange County Transit District (OCTO) has budgeted $4.3 million to finance construction in 1980 of a 700- space park and ride facility being built in conjunction with a Multi-Modal Transportation Terminal to be located adjacent to the civic center and in the center of the older downtown, The $9,2 million Multi- Modal Terminal itself will serve inter- and intrastate Lus carriers, in addition to the Orange County Transit District routes, A multi-phased project, this center is planned to become the hub of a high speed transil syslem between Los Angeles and Orange County. The first portion of the right of way to de- velop this high speed system is currently being ac- qnired by OCTD and will link Santa Ana with the City of Stanlon, Adjacent to the terminal, the city, OCTD and the Agency are jointly developing the park' and ride facility localed between Fifth Street and Santa Ana Boulevard, Broadway and Birch Street" OCTD will finance construction costs esti- mated at $4.3 million dollars, with the Agency making a $160,000 contribution towards acquisition and project improvements, The site for this facility is presently being acquired by the Agency under a letter of credit agreement with OCTD, Final design is un- derway and construction is scheduled to begin no later than January 1979, Heritage Square, Heritage Square is a plaza area located on Civic Center Drive and Sycamore Street, directly across from the aforementioned proposed Sunset development. The plaza will provide a park environment for the adjacent County Courthouse and historic Presbyterian Church, as well as adding to the recently restored Howe-Waffle House,