HomeMy WebLinkAbout2000-018 - Cornerstone Village Improvement Program and Budget59
RESOLUTION NO. 2000-018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE CORNERSTONE VILLAGE
IMPROVEMENT PROGRAM AND BUDGET, APPROVING
THE CORNERSTONE VILLAGE LOAN PROGRAMS, AND
AUTHORIZING THE MAYOR TO EXECUTE THE
CORNERSTONE VILLAGE OWNER PARTICIPATION
AGREEMENTS
WHEREAS, approximately 48 multi-family housing complexes located along
Minnie Street between McFadden Avenue and Grant Street in the City of Santa Ana,
commonly known as the Minnie Street Neighborhood, (the "Neighborhood") contain
approximately 527 dwelling units, and is home to approximately 4,000 Iow and
moderate income persons; and,
WHEREAS, the City, in partnership with the Community Redevelopment Agency
of the City of Santa Ana (the "Agency"), the residents and most of the property owners
in the Neighborhood (the "Owners") has determined that the Neighborhood is in
significant need of rehabilitation of both the private and public infrastructure so as to
preserve this important stock of Iow income housing for the community; and,
WHEREAS, the City, the Agency and owners propose to enter into agreement
which will provide for significant enhancement to, and long term maintenance of, the
streets, parkways, open space, building facades and courtyards and units in the
Neighborhood through an investment of both private and public funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SANTA ANA AS FOLLOWS:
1. The Cornerstone Village Improvement Program and budget, as submitted to the
Council, is hereby approved.
2. The Cornerstone Village Loan Programs, as submitted to the Council area
hereby approved, and the Executive Director of the Community Development Agency is
hereby authorized to take all reasonably necessary acts to implement the City's part of
the Programs, including executing loan documents on behalf of the City, as necessary.
3. The form of the Cornerstone Village Owner Participation Agreements is hereby
approved and the Mayor and Clerk of the Council are hereby authorized to execute
such agreements with participating owners, with such non-substantive changes to the
agreements and exhibits as may be approved by the City Attorney.
Resolution No. 2000-018
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ADOPTED this 6._~m day of Mamh, 2000.
Clerk of the Council
COUNCILMEMBERS:
Pulido Absent.
Lutz Aye
Bist Aye
Christy A~e
Franklin A~e
McGuigan
Moreno A~,,e
CERTIFICATE OF ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby certify the attached Resolution
No. 2000-018 to be the odginal resolution adopted by the City Council of the C'.~ty of Santa
Ana on March 6, 2000. * '
City of Santa Ana
Resolution No. 2000-018
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