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JOINT SESSION CRA/HOUSING <br />Legal notice published in the O.C. Reporter on December 15, 2008 <br />(Notice of Consideration and Action on the Proposed Replacement <br />Housing Plan for property at 702 S. Raitt, Santa Ana) <br />Mayor Pulido and Mayor Pro tem Alvarez abstained from Item 80.B. due <br />to receipt of recent campaign contributions from the applicant and left the <br />dais. Councilmember Benavides abstained from this item due to the <br />proximity of the project to his home, and left the dais. Councilmember <br />Bustamante assumed the Chair. <br />Motion: <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) <br />Hearing in consideration of the issuance of multi-family housing <br />revenue bonds by the Housing Authority of the City of Santa Ana <br />for the purpose of financing the acquisition and rehabilitation of <br />703 N. Lacy and 702 S. Raiff. <br />2. Adopt a resolution. <br />RESOLUTION 2009-004 - A resolution of the City Council of the City <br />of Santa Ana approving the issuance of Multifamily Housing Revenue <br />Bonds by the Housing Authority of the City of Santa Ana for the <br />purpose of financing the acquisition and rehabilitation of multi-family <br />rental housing <br />3. Direct the City Attorney to prepare and authorize the City Manager <br />to execute a loan agreement with Lacy and Raiff, LP for the <br />acquisition and rehabilitation of 703 N. Lacy in a total amount not <br />to exceed $1,330,643. <br />4. Direct the City Attorney to prepare and authorize the City Manager <br />to execute a loan agreement with Lacy and Raiff, LP for the <br />acquisition and rehabilitation of 702 S. Raiff in a total amount not <br />to exceed $689,397. <br />5. Adopt a resolution. <br />RESOLUTION 2009-005 - A resolution of the City Council of the City <br />of Santa Ana approving the relocation plan for residential property <br />located at 703 N. Lacy Street <br />6. Adopt a resolution. <br />CITY COUNCIL MINUTES 16 JANUARY 5, 2009 <br />