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1° F C IL/ <br />NY °fl N <br />MEETING DATE: <br />SEPTEMBER 7, 2010 <br />TITLE: <br />JOINT PUBLIC HEARING - <br />DISPOSITION AND DEVELOPMENT AGREEMENT <br />AND LOAN AGREEMENTS -BUSH AND BIRCH <br />STREET PROPERTIES <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1st Reading <br />^ Ordinance on 2nd Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />CITY M NAGER EXECUTIVE DIRECTOR <br />EEG®MMNDED ~4CT'1N <br />CITY COUNCIL ACTION <br />1. Direct the City Attorney to prepare and authorize the Deputy City Manager and Clerk of the <br />Council to execute a loan agreement with Santa Ana WBBB, LP in an amount not to exceed <br />$500,000, subject to non-substantive changes approved by the Deputy City Manager and City <br />Attorney for 217-219 South Birch Street. <br />2. Direct the City Attorney to prepare and authorize the Deputy City Manager and Clerk of the <br />Council to execute a loan agreement with Santa Ana WBBB, LP in an amount not to exceed <br />$500,000, subject to non-substantive changes approved by the Deputy City Manager and City <br />Attorney for 435-437 South Birch Street. <br />3. Direct the City Attorney to prepare and authorize the Deputy City Manager and Clerk of the <br />Council to execute a loan agreement with Santa Ana WBBB, LP in an amount not to exceed <br />$500,000, subject to non-substantive changes approved by the Deputy City Manager and City <br />Attorney for 2034-2038 Bush Street. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Adopt a resolution approving a Disposition and Development Agreement between the <br />Community Redevelopment Agency and Orange Housing Development Corporation and C&C <br />Development for the development of affordable, multi-family units at 217-219 South Birch, 435- <br />437 South Birch and 2034-2038 Bush Streets. <br />5-1 <br />