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BU[NE CALENDAR
<br />Matters iisfed on the Business slender are generally proposals far new legislation ar items requiring di~c~sivr~.
<br />Item taken out of order per commission request.
<br />5. IUI~RTAGE REVENUE BAND INDUCEIUIENT AND TEFRA ~N IUANCE
<br />~F TA~^E~CEIUI~T BANDS AND L~Ahf AGREEMENT VIl1Tf~
<br />wlLSI~IIRE~MINNIE, L.P. Shelly Landry-Berle}
<br />Recommended Action;
<br />CITY C~UNC[LACT[~N
<br />Recommend that the City Council;
<br />~ , Hv[d a TEFRA Tax Equity and Financial Responsibility Apt}
<br />Hearing in consideration of the issuance of multifamily housing
<br />revenue bonds by the Housing Authority of the City of Santa Ana
<br />for the purpose of financing the acquisition end rehabilitation of
<br />seventeen properties located at ~ 2~~, ~ 20g, ~ ~~ , ~ ~~~ , ~ 2~5, ~ ~~~,
<br />and ~~3 East V~ilshire and 'I 4~~, ~ 40~, ~ ~4D~, ~ 4~ ~, ~ 4~~, ~~~5~
<br />~ 4~9, ~ 4, ~ ~7, and ~4g Sou#h Minnie
<br />~. Adopt a resolution approving the issuance of tax~exempt bends
<br />for the project.
<br />Direct the City Attorney to prepare a Ivan agreement with
<br />w[IshirelMinnje,l_.p~, for the acquisition and rehabilitation of ~~0~,
<br />~~~g, ~Z~, ~~~~, ~~~~, ~2~9, and ~~3 East V~ilshire and ~40~,
<br />~ 40~, ~ 4~, ~ -4~ , ~ 4~~ , ~ ~~5, ~ ~4~9, 14, ~ 43~, and ~ 4~ South
<br />Minnie in a total amount not tv exceed ~.4 rr~illlvn.
<br />CGMMUNITY REDEIIELGPMENTAGENCYACTIGN
<br />Recor~mend that the ~om~nunity Redevelopment Agency direct the
<br />Agency General Counsel to prepare and authorize the Executive Director
<br />to execute Ioan agreements for the acquisition and rehabilitation of ~~0~,
<br />~~~~,~Z~~,~~~~,'i~~,~2~~,and ~~3 East ~Vi[hire and ~40~, ~4~3, ~~4~9,
<br />~~4'13, ~4~~, ~42~, ~4~g, ~~33~ ~43~, and ~~3~ South Minnie with
<br />wilshirelMinnie, L.P. in a total amount notto exceed S=~ rnillivn,
<br />CRHC M[NUT~s ~ 3 December 5, 20D6
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