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FIESTA MARKETPLACE PARTNERS <br />QO 5 & A PROPE:MES <br />129 W. Y/MON ST. <br />Sul I E 100 <br />COSTA MESA, CA 92627 <br />949-722-7403 <br />949-722-8855 FAX <br />atober 18, 2010 <br />CORRECTED LETTER <br />Cynthia J. fielson, Deputy City Manager <br />City of Santa Ana <br />Community Develcpment Agency <br />20 Civic Ce-iter Plaza — Post Office Box 1983 — V-25 <br />Santa Ara, CA 92702 <br />RE: City -of Sa ntj Ana Facade: -Icbate Prx)gra m <br />riesw Marfetplijce ParL-icrs Onn and 'two <br />F2oyivicjrid oid D0id Rdiigul <br />C-ear cloy: <br />This later will serve to memorial ze the agreement that the Fiesta Marketplace Partners <br />One and Two and Raymond and Ddia Rangel have reached -,,.(ith :he City concerning the <br />CiWsFaode Rebate Program, <br />The Fiesta MarkeWacc Partners and Raymond and Delia Ranpl vVill invest, in th�ir <br />respective properties, approximately V,125,000.01) and will rcccivc =rorn the Ci:y's <br />facade Program a3p-oxlmatcly $705,000.00 (Cash contribution from Testa Marke-.place <br />Partner 0112 and Two is $3,305,000.W aiij RayiriVrid +jrjd DE,,lia Rejjuel is $55,:100.00). <br />Exhlbit 'A", aaached hcrem, sm-foMi 0tall of these mpendittires. <br />Thr- Fiesta Marketplacc Parmers shall lRvest an estlma,.ed $580,0KC0 to renovate the <br />public gather na area curreitly known as `The Fase.o". The City awns a part of The <br />Pasco that fronts the City owned surface parking lot at Third and Bush StrwM The <br />Fiesta Mar**LplacE Partners aVll renovate The Pasea at its' mm mppo.qP. and nnl -;Pek <br />reimbursement from the Cty for the approximately one-fourth of rtnovallon costs, <br />which translates to at>cLrt $160,000.00, that would LQ 2P:10-L10nEd to the ane-foLrwl of <br />The Pasco that the City own,:. <br />Sincerely_yQuis, <br />Fest <br />Ray 7lond and Oelia Range <br />By:Irvir q M. Chase, General Partner <br />cc- Allan Fainbarg <br />Ryan Chase <br />RaVmoncl and Deda Pzngel <br />David Sch2p3c—s, CPA <br />CITY COUNCIL MINUTES 25 OCTOBER 18,2010 <br />