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<br />BUSINESS CALENDAR <br /> <br />The motion failed of adoption. The Chair announced that Item NO.5 would be laid on <br />the table, and the Board would consider Item NO.4 <br /> <br />4. <br /> <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY <br />AMENDING SECTION 10.5 OF THE AGENCY'S BY-LAWS <br /> <br />Steve McGuigan addressed the Board in opposition to the rule change <br /> <br />Motion: Adopt Resolution 2006-002 amending Section 10.5 of the Agency's <br />By-Laws <br /> <br />MOTION: Solorio <br /> <br />SECOND: Garcia <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Bustamante, Garcia, Pulido, Solorio (4) <br /> <br />NOES: Alvarez, Bist (2) <br />ABSTAIN: Christy (1) <br />ABSENT: None (0) <br /> <br />The Resolution to change the By-Laws of the Agency was adopted, and the Chair <br />announced that consideration of Item 5 would resume. <br /> <br />Steve McGuigan expressed concerns relative to the payment of extraordinary expenses <br />to Honda Santa Ana. Michael Vivoli, representing Vinci & Associates and Honda Santa <br />Ana, stated that he would be available to answer any questions on this matter. <br /> <br />Agency discussion ensued. <br /> <br />Motion: Adopt Resolution CRA 2006-003 approving an acquisition agreement, <br />mutual release and joint escrow instructions with Vinci Investment <br />Co., Inc., a California corporation, doing business as Honda Santa <br />Ana <br /> <br />MOTION: Bustamante <br /> <br />SECOND: Solorio <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Bustamante, Garcia, Pulido, Solorio (4) <br /> <br />NOES: Alvarez, Bist (2) <br /> <br />ABSTAIN: Christy (1) <br /> <br />ABSENT: None (0) <br /> <br />eRA MINUTES <br /> <br />4 <br /> <br />JANUARY 17, 2006 <br />