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MINUTES OF ADJOURNED REGULAR MEETING <br />O~ THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA, CALIFORNIA <br /> <br />JANUARY 20, 1987 <br /> <br />The meeting was called to order at 5:44 p.m., in the Council Chambers, <br />22 Civic Center Plaza, by Mayor Dan Young. Councilmembers present were <br />Jo~n Acosta, Daniel E. Griset, Wilson B. Hart, Ron May, Patricia A. <br />McGuigan, Miguel A. Pulido, and Mayor Young. Also present were City <br />Manager David N. Ream, City Attorney Edward J. Cooper and Clerk of the <br />Council Janice C. Guy. <br /> <br />PLEDGE OF ALLEGIANCE TO THE FLAG <br /> <br />APPROVAL OF COMMUNITY REDEVELOPMENT AGENCY MINUTES <br /> <br />JOINT PUBLIC HEARINGS <br /> <br />76 .A. <br /> <br />OWNER PARTICIPATION AGREEMENT WITH SYCAMORE RETIREMENT <br />APARTMENTS, LTD. AND MERCURY SAVINGS AND LOAN ASSOCIATION <br />(221 S. Broadway) (AGENCY ITEM 2.A.) <br /> <br />The City Manager reported to the Council that a request mad been received <br />from Mercury Savings for further negotiations relative to the proposed <br />Owner Participation Agreement between the Agency, Sycamore Retirement <br />Apartments, Ltd., and Mercury Savings and Loan, and requested that the <br />item be tabled. <br /> <br />MOTION: Remove the following from Agenda. <br /> <br />RESOLUTION NO. 87-9 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE <br />RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />PURSUANT TO AN OWNER PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY DF SANTA ANA, SYCAMORE RETIREMENT <br />APARTMENTS, LTD., AND MERCURY SAVINGS AND LOAN ASSOCIATION FOR THE SALE <br />OF CERTAIN REAL PROPERTY AND APPROVING THE SALE OF SAID REAL PROPERTY <br />UPON THE TERMS AND CONDITIONS CONTAINED IN THAT AGREEMENT. <br /> <br />MOTION: Pulido SECOND: McGuigan <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />NOES: <br />ABSENT: <br /> <br />Acosta, Griset, Hart, May, McGuigan, Pulido, <br />Young <br />None <br />None FILE 615.05 <br /> <br />CITY COUNCIL MINUTES 32 JANUARY 20, 1987 <br /> <br /> <br />