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ORIGINAL LETTER SUBMITTED <br />FIESTA MARKETPLACE PARTNERS <br />C/O 5 & A PRCPERT-IES <br />129 W. WILSON( 5T. <br />SUITE 1001 <br />COSTA MESA, CA 92627 <br />449-722-7400 <br />949-722-8855 FAX <br />October 10, 2010 <br />Cynthia J, Nelson, Deputy City Manager <br />City of Santa Ana <br />Communit, [development Agency <br />?0 Ovir (Pntr.r Playa - Pi7St O ictk &rx 1998 - M-25 <br />Santa Aia, CA 92702 <br />RE. City of $anta Ana Facade Rebate Procrani <br />Fiesta Marketplace Partners One and Two <br />Rayffl0r'd orid Duli, Rdn rl <br />Dear Cindy <br />This letter will serve to memorialize the agreement .hat the Fiesta Market)lace Part-iers <br />One and Two and Ray,-nond and Delia Rangel have reachal w'th the City corcerning the <br />Cit, rs Fa?adc Rebate Program. <br />The Testa Marketplace Partners and Raymond and Celia Rangel will invest; in their <br />respcctlve properties, approxrr,atzly J-1,125,000,00 and will receive from tfre City- <br />I'a5ade Program spprmdrnatety $€125,000.00 (Casn contribution zrom Fiesta Marketplace <br />Pofliiur Onu Arid Two is 53,245,000.00 and Rz}wi rnd and Della Rangel is x:55,000.00). <br />Exhibit W, attached heroes, sc'-t5-forth detall of these experidltures. <br />The Fiest Marketplace Partners shati invest an Estimated $580,OW.00 to renovate the. <br />public gathering area currently known as "The Paseo". Tie C Ly ovens a part of The <br />Paseo that front the City-owned surface packing lot at Third and Bush Streets, The <br />Fiesta Marketplace Partners will renovate The Pasea at its' cY,rn experrse and not seek <br />reimbursement from the City for the approximately one-fnUrth of renovation costs, <br />which translates to about ?120,ry00.t10, that veuud be apport=oned to the pane-fourth of <br />Th-, Pasco that the City owns. <br />Slncerety yours, <br />Fiesta Marketplace Partners One and Two <br />Raymund and Del a 4angel <br />B'yr: Irvinq M. Chaste, General Partner <br />tr: Alan Fainharc <br />Ryan Chase <br />Raymond anti Clelia Rarngel <br />Dav d scheppers, CPA <br />CRA MINUTES 5 OCTOBER 18, 2010