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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT <br />BETWEEN THE AGENCY AND HABITAT FOR HUMANITY OF ORANGE COUNTY, <br />INC. <br />5. JOINT PUBLIC HEARING -RESOLUTION AND THIRD AMENDMENT TO THE <br />DISPOSITION AND DEVELOPMENT AGREEMENT WITH VISTA DEL RIO HOUSING <br />PARTNERS, L.P. -VISTA DEL RIO; 1600 W. MEMORY LANE -City Council <br />Recommended Action approved by the Community Redevelopment and Housing <br />Commission on March 15, 2011 by a 6-0 vote. <br />Legal Notice published in the O.C. Reporter on March 7, 2011 and March 14, 2011. <br />CITY COUNCIL ACTION <br />RECOMMENDED ACTION: Adopt resolution. <br />A RESOLUTION OF THE CITY COUNCIL OF SANTA ANA MAKING CERTAIN <br />FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />PURSUANT TO A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE <br />AGENCY AND VISTA DEL RIO HOUSING PARTNERS, L.P., FOR THE SALE OF <br />CERTAIN REAL PROPERTY AND APPROVING THE SALE OF SAID REAL <br />PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED IN THAT <br />AGREEMENT <br />COMMUNITY REDEVELOPMENT ACTION <br />RECOMMENDED ACTIONS: <br />1. Authorize the Executive Director of the Community Redevelopment <br />Agency and Agency Secretary to execute a Loan Agreement, subject to <br />non-substantive changes approved by the Executive Director and Agency <br />General Counsel. <br />AGMT -With Vista Del Rio Housing Partners, L.P. in the amount of $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 Counsel. <br />AGMT -With Vista Del Rio Housing Partners, L. P. <br />CRA AGENDA 5 MARCH 21, 2011 <br />