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CONSIDERATION TO BE RECEIVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PURSUANT <br />TO A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE <br />AGENCY AND VISTA DEL RIO HOUSING PARTNERS, L. P., FOR THE SALE <br />OF CERTAIN REAL PROPERTY AND APPROVING THE SALE OF SAID <br />REAL PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED IN <br />THAT AGREEMENT <br />COMMUNITY REDEVELOPMENT ACTION <br />MOTION: <br />1. Authorize the Executive Director of the Community Redevelopment <br />Agency and Agency Secretary to execute a Loan Agreement, subject <br />to non substantive changes approved by the Executive Director and <br />Agency General Counsel. <br />AGMT -With Vista Del Rio Housing Partners, L.P. in the amount of <br />$469,000 <br />2. Authorize the Executive Director of the Community Redevelopment <br />Agency and Agency Secretary to execute a Third Amendment to the <br />Disposition and Development Agreement, subject to non-substantive <br />changes approved by the Executive Director and Agency General <br />Counsel. <br />AGMT -With Vista Del Rio Housing Partners, L.P. <br />MOTION: Benavides SECOND: Sarmiento <br />VOTE: AYES: Benavides, Martinez, Sarmiento, Tinajero (4) <br />NOES: Alvarez, Bustamante, Pulido (3) <br />ABSTAIN: None (0) <br />ASSENT: None (0) <br />6. AGENCY MEMBER COMMENTS -None <br />ADJOURNED - 7:06 P.M. <br />Maria D. Huizar, <br />Recording Secretary <br />CRA MINUTES 6 MARCH 21, 2011 <br />