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MINUTES OF THE ADJOURNED REGULAR MEETING <br />OF THE CITY COUNCIL OF THE CITY OF <br /> SANTA ANA, CALIFORNIA <br /> <br />MARCH 17, 1987 <br /> <br />Due to the cancellation of the Community Redevelopment Agency study <br />session scheduled for Room 147, the meeting was convened at 5:42 p.m. by <br />Mayor Dan Young in the Council Chambers. Councilmembers present were <br />John 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 HEARING <br /> <br />76.A. <br /> <br />OWNER PARTICIPATION AGREEMENT WITH SYCAMORE RETIREMENT <br />APARTMENTS, LTD. AND MERCURY SAVINGS AND LOAN ASSOCIATION <br />(AGENCY ITEM 3A) <br /> <br />The Mayor opened the joint public hearing of the Community Redevelopment <br />Agency and the City Council of the City of Santa Ana regarding the <br />proposed sale of property located at 220 and 222 S. Sycamore Street, by <br />the Community Redevelopment Agency of the City of Santa Ana to Sycamore <br />Retirement Apartments, Ltd. and Mercury Savings and Loan Association. <br /> <br />Staff report, Community Redevelopment Commission recommendation and staff <br />comments were presented by Housing Manager Pat Whitaker. <br /> <br />The Clerk of the Council reported no written communications. <br /> <br />Bob Moore, 214 S. Broadway, spoke in favor of the proposed sale. <br /> <br />There were no other speakers on the matter. <br /> <br />The Mayor closed the public hearing. <br /> <br />MOTION: {Part of concurrent action with Community Redevelopment Agency) <br /> Adopt resolution. <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 OF SANTA ANA, SYC/~qORE 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 />CITY COUNCIL MINUTES <br /> <br />82 MARCH 17, 1987 <br /> <br /> <br />