Laserfiche WebLink
developer and the Eastside Neighborhoad Association to develop home <br />designs compatible with the historical integrity of the neighborhood. <br />4. <br />Motion: <br />1. Recommend that the City Council adopt a resolution regarding the <br />sale of 1112 and 1118 S. Orange to RSI Development LLC for the <br />development of two affordable, detached single-family homes. <br />2. Recommend that the Community Redevelopment Agency adopt a <br />resolution approving a Disposition and Development Agreement <br />between the Community Redevelopment Agency and R51 <br />Development LLC for the development of two affordable, detached <br />single-family homes at 1112 and 1118 S. Orange, and which should <br />include collaboration between the developer and the Eastside <br />Neighborhood Association to develop home designs compatible with <br />the historical integrity of the neighborhood. <br />MOTION: Bist SECOND: Villasetior <br />VOTE: AYES: Bist, Stroud, Verino, Villaserior {4) <br />NOES: Vasquez {1) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br />TAX EXEMPT BOND FINANCING AND LOAN AGREEMENTS WITH LACY <br />AND RAITT, LP (703 N. LACYl702 S. RAITT) <br />Mrs. Landry-Bayie provided a PowerPa~nt presentation and answered <br />questions from the commissioners. Mr. Barry Cottle of Orange Housing <br />Development Corporation spoke in support of the project and answered <br />questions from the commissioners. A tour of the project, before and after <br />completion, was requested by the commission. <br />Motion: <br />Recommend that the City Council: <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 for <br />CFtHC MINUTES 3 December 16, 2008 <br />