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RESOLUTION NO. 2011-020 - A RESOLUTION OF THE CITY COUNCIL <br />OF SANTA ANA MAKING CERTAIN FINDINGS WITH RESPECT TO <br />THE CONSIDERATION TO BE RECEIVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />PURSUANT TO A DISPOSITION AND DEVELOPMENT AGREEMENT <br />BETWEEN THE AGENCY AND VISTA DEL RIO HOUSING PARTNERS, <br />L.P., FOR THE SALE OF CERTAIN REAL PROPERTY AND <br />APPROVING THE SALE OF SAID REAL PROPERTY UPON THE <br />TERMS AND CONDITIONS CONTAINED IN THAT AGREEMENT <br />COMMUNITY REDEVELOPMENT ACTION <br />MOTION: <br />1. Authorize the Executive Director of the Community <br />Redevelopment Agency and Agency Secretary to execute a Loan <br />Agreement, subject to non-substantive changes approved by the <br />Executive Director and 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 <br />Redevelopment Agency and Agency Secretary to execute a Third <br />Amendment to the Disposition and Development Agreement, <br />subject to non-substantive changes approved by the Executive <br />Director and Agency General Counsel. <br />AGMT - With Vista Del Rio Housing Partners, L.P. <br />MOTION: Benavides <br />VOTE: <br />AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />SECOND: Sarmiento <br />Benavides, Martinez, Sarmiento, Tinajero (4) <br />Alvarez, Bustamante, Pulido (3) <br />None (0) <br />None (0) <br />THE CITY COUNCIL RECESSED AT 8:40 P.M. TO THE COMMUNITY <br />REDEVELOPMENT AGENCY MEETING, FOLLOWED BY THE HOUSING <br />AUTHORITY MEETING, AND RECONVENED AT 8:41 P.M. WITH SAME MEMBERS <br />PRESENT. <br />CITY COUNCIL MINUTES 20 MARCH 21, 2011