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Home My WebLink About11/05/1979 -. . . AGENDA SPECIAL MEETING COMMUNITY REDEVELOPMENT AGENCY COUNCIL CHAMBERS 22 CIVIC CENTER PLAZA SANTA ANA, CALIFORNIA NOVEMBER 5, 1979 2:00 P.M. CALL TO ORDER PLEDGE OF ALLEGIANCE TO THE FLAG 1. SIX MONTH EXCLUSIVE RIGHT TO NEGOTIATE WITH CCDC AND LESNY SUBJECT TO REACHING AGREEMENT WITH ALLEN JONES Recommendation: Agency policy. Commission Recommendation: Recommend that Agency grant six month exclusive right to negotiate, subject to the formulation of a written agreement between CCDC, Lesny and Allen Jones within 30 days. 2. SB-99 BOND, SELECTION OF CONSULTANTS Recommendation: Authorize staff to proceed with entering lnto the following agreements (SB-99 Mort- gage Revenue Bond). Commission Recommendation: Not applicable. 3. AMENDMENT OF OWNER PARTICIPATION AGREEMENT WITH AMERICAN NATIONAL PROPERTIES, INC. Recommendation: Adopt Resolution 79-60: A RESOLU- TION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE CHAIR- MAN OF THE AGENCY TO EXECUTE THE SECOND AMENDMENT TO PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVEL- OPMENT AGENCY AND AMERICAN NATIONAL PROPERTIES, A DECLARATION OF RESTRICTIONS, A GRANT DEED FROM THE COMMUNITY REDEVELOPMENT AGENCY TO AMERICAN NATIONAL PROPERTIES, AND AN INDEMNITY AGREEMENT WITH CHICAGO TITLE INSURANCE COMPANY. Commission Recommendation: Not appl icable . 4. MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM Recommendation: Adopt Resolution 79-61: A RESOLU- TION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING A MAJOR COMMERCIAL REHA- BILITATION LOAN PROGRAM. Commission Recommendation: Approve all steps neces- sary to implement the Wells Fargo loan program. 5. ADJOURNMENT . . . . MINUTES SPECIAL MEETING COMMUNITY REDEVELOPMENT AGENCY SANTA ANA, CALIFORNIA NOVEMBER 5, 1979 The Special Meeting of the Community Redevelopment Agency of the City of Santa Ana was called to order by Chairman James Ward at 2:56 P.M. in the City Council Chambers, 22 Civic Center Plaza, Santa Ana, California. After the pledge to the Flag, roll was called: PRESENT ABSENT Gordon Bricken Daniel Griset J. Ogden Markel Al Serrato James Ward Harry Yamamoto Robert Luxembourger Others in attendance: David N. Ream, Assistant Executive Director Tom Hammill, Real Estate Officer Stacey Creveston, Secretary Dan Stone, Assistant City Manager Keith Gow, City Attorney Terry McCarty, Stone & Youngberg Tom Burton, CCDC Leonard Sankstone, Lesny Development Allen Jones, Jones Development SIX MONTH EXCLUSIVE RIGHT TO NEGOTIATE WITH CCDC AND LESNY SUBJECT TO REACHING AGREEMENT WITH ALLEN JONES Chairman Ward stated that he had a conflict of interest in this matter and turned the meeting over to Vice Chairman Daniel Griset. Mr. Hammill reported that the parties involved had not been able to reach an agreement. He stated that Torn Burton of CCDC, Leonard Sanks tone of Lesny and Allen Jones of Jones Development were all present and would like to be heard by the Agency. Mr. Bricken left the meeting. Messrs. Jones, Burton and Sankstone addressed the Agency, basically stating that they were not able to reach an agreement, but were interested in developing the property. After discussion, a motion was made by Mr. Yamamoto, seconded by Mr. Serrato and carried unanimously (4:0) to instruct the Redevelopment Commission to study and recommend a concept for development of the area above the Jones Development to Tenth Street between Flower and Parton Streets. Mr. Ward and Mr. Bricken returned to the meeting. SB-99 BOND, SELECTION OF CONSULTANT The Assistant Executive Director reviewed the background of selecting and entering into agreements with consultants with regards to marketing the SB-99 Mortgage Revenue Bend for the 14 acre housing site. He also stated that the Agency's financial . . . . consultant, Mr. Terry McCarty of Stone & Youngberg, was present to answer any questions the Agency might have with regards to the selection of the consultants. A motion was made by Mr. Bricken, seconded by Mr. Serrato and carried (Mr. Yamamoto voted NO) to authorize staff to proceed with entering into agreements with California First Bank as Trustee; Wells Fargo as Mortgage Lender Servicer; Haynes & Miller as Special Tax Counsel; Standard & Poors as Rating Agency, Jeffries Banknote Company as Financial and Bond Printer; and Laventhol and Howath as Special Accountant. proposals have not yet been received regarding the Mortgage Insurance Company for the SB-99 bond issue, but staff will bring the lowest cost proposal back to the Agency for approval. AMENDMENT OF OWNER PARTICIPATION AGREEMENT WITH AMERICAN NATIONAL PROPERTIES, INC. A motion was made by Mr. Bricken, seconded by Mr. Ward and carried unanimously to adopt Resolution 79-60: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE CHAIRMAN OF THE AGENCY TO EXECUTE THE SECOND AMENDMENT TO PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY AND AMERICAN NATIONAL PROPERTIES, A DECLARATION OF RESTRICTIONS, A GRANT DEED FROM THE COMMUNITY REDEVELOPMENT AGENCY TO AMERICAN NATIONAL PROPERTIES, AND AN INDEMNITY AGREEMENT WITH CHICAGO TITLE INSURANCE COMPANY. MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM A motion was made by Mr. Bricken, seconded by Mr. Serrato and carried (Mr. Markel voted NO) to adopt Resolution 79-61: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING A MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM. ADJOURNMENT There being no further business before the Community Redevelopment Agency, the meeting was unanimously adjourned at 2:45 P.M. C\ ¿t1/1A/' 2- C-<-JZ¿'l.--r\ James E. Ward, Chairman \ ) ~ Richard E. Goblirsch Executive Director . . . NOTIce OF SPECIAL 1\F:ETINr', OF THE COI1rWNITY REDEVELOP~'F:NT II.CENCY OF TnE C ri"Y OF o,ATiTA ANA YOU APE HEREBY NOTIFIfD: That Janes Ward, Chairman of the Community Redevelopnent Agency of the City of Santa Ana, California has called a Special neeting of the Ccn~unity Redevelopnent Agency to be held in the Council Chanters, 22 Civic Center Plaza, Santa Ana, California, at the hour of 2:00 P.M., on Monday, November 5, 1979. The purpose of the neeting is as follows: 1. SIX MONTH EXCLUSIVE RIGHT TO NEGOTIATE WITH CCDC AND LESNY SUBJECT TO REACHING AGREEMENT WITH ALLBN JONES Reconmendation Agency pol icy. ---.------- 2. SB-99 BOND, SELECTION OF CONSULTANTS Recomnendation: Authorize staff to proceed with entering into--the-rollowing agreements (SB-99 /\ortgage Revenue Bond). 3. MmNmleNT OF o\-7NER PARTICIPATION AGREEI-IENT í-lITH AMBRICAN NATIONAL PROPERTIES, INC. Recommendation: Adopt Resolution 79-60: A RESOLUTION OF THE---COMI1U1HTYREDEVELOPI1ENT AGENCY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE CHAIRIIAN OF TilE AGENCY TO EXECUTE THE SECOND AIIEND/1ENT TO PARTICIPATION AGPEEIIENT BETWEEN THE COMI1UNITY REDEVELOP/lENT AGENCY AND lUIERICAN NATIONAL PROPERTIES, A DECLARATION OF RESTRICTIONS, A GRANT DEED FRO/I THE Co/IMUNITY REDEVELOPMENT AGENCY TO A/IERICAN NATIONAL PROPERTIES, AND AN INDEMNITY AGREEMENT WITH CHICAGO TITLE INSURANCE COIIPANY. 4. MAJOR COIIMERCIAL REHABILITATION LOAN PROGRAlt Recommendation: Adopt Resolution 79-61: A RESOLUTION OF THE COMMUNITY-REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING A IIAJOR COMMERCIAL REHABILITATION LOAN PROGRAM. 5. ADJOURNlmNT DATED: November 2, 1979 NOTICE: OF SPECIAL MEETING OF THE COHfWHI'"Y HEDEVELOPf1ENT AGENCY OF THE CITY OF SANTA ANA . YOU ARE HEREBY NOTIFIED: 'fhat David Brandt, Chair-man 0 . . . . . CERTIFICATE OF POSTING NOTICE OF SPECIAL MEETING OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA STATE OF CALIFORNIA) COUNTY OF ORANGE) SS CITY OF SANTA ANA) I, STACEY CREVESTON, declare under penalty of perjury that I am the qualified and acting Recording Secretary of the Community Redevelopment Agency of the City of Santa Ana; on November 2,1979 at 9:00 A.M., I posted a copy of the Special Meeting of the Commu- nity Redevelopment Agency of the City of Santa Ana to be held on Monday, November 5,1979 at 2:00 P.M. in the Council Chambers, 22 Civic Center Plaza, Santa Ana, California, on the door to Room 628 and the Council Chambers. Executed this 2nd day of November, 1979.