HomeMy WebLinkAbout06/21/1988
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AGENDA
REGULAR MEETING
COMMUNITY REDEVELOPMENT AGENCY
COUNCIL CHAMBERS
22 CIVIC CENTER PLAZA
SANTA ANA, CALIFORNIA
JUNE 21, 1988 5:30 P.M.
CALL TO ORDER
PLEDGE OF ALLEGIANCE TO THE FLAG
ROLL CALL (EXCUSE OF ABSENCE)
1. MINUTES
Agency Action: Approve the Minutes of the Regular Meeting held
May 17, 1988 at 5:30 p.m.
2. AGREEMENTS
A.
SHORT-TERM LOAN OF $1.5 MILLION FROM THE SOUTH HARBOR
PROJECT AREA TO THE SOUTH MAIN PROJECT AREA
Agency Action: Approve a short-term loan of $1.5 million from the
South Harbor Project Area to the South Main Project Area for the
purpose of retiring the loan with Banque Paribas.
Redevelopment Commission Recommendation: Recommend that the
Redevelopment Agency approve a short-term loan of $1.5 million from
the South Harbor Project Area to the South Main Project Area for the
purpose of retiring the loan with Banque Paribas by a vote of 4:0
(Adler, Alleman, Mack absent).
B.
GRANTING OF EXCLUSIVE RIGHT TO NEGOTIATE TO HUTTON
DEVELOPMENT FOR THE IC-l SITE
Agency Action: Grant a 180-day Exclusive Right to Negotiate to
Hutton Development Co., Inc. for the development of a site within the
1900-2020 block of East First Street, referred to as the IC-1 site.
Redevelopment Commi ssi on Recommendati on: Recommend that the
Redevelopment Agency grant a 180-day Exclusive Right to Negotiate to
Hutton Development Co., Inc. for the development of a site within the
1900-2020 block of East First Street, referred to as the IC-1 site,
by a vote of 4:0 (Adler, Alleman, Mack absent).
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C.
A-13 SITE - TERMINATION OF DISPOSITION AND DEVELOPMENT
AGREEMENT
Agency Acti on: Authori ze the City Attorney to prepare and the
Chairman to execute an agreement with Lowy Development Corporation to
terminate the Disposition and Development Agreement covering the A-13
Development Site.
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presen eCl 0 e e eve opmen omm1SS10n a 1 s mee 1ng 0
June 21, 1988 and their recommendation will be verbally transmitted
to the Redevelopment Agency by staff at the Agency's meeting of
June 21, 1988.
HOUSING PROGRAMS
A.
TECHNICAL ASSISTANCE PROGRAM
Agency Action: Approve the implementation of the Technical
Assistance Program.
Redevelopment Commission Recommendation: Recommend that the
Redevelopment Agency approve and authorize the implementation of the
Technical Assistance Program by a vote of 4:0 (Gosse, Balen, Mills
absent) .
B.
CHANGES IN THE RESIDENTIAL LOAN PROGRAMS UNDERWRITING
GUIDELINES
Agency Acti on: Approve changes to the Resi denti a 1 Loan Program
Underwr1t1ng Guidelines.
Redevelopment Commi ssi on Recommendation: Recommend that the
Community Redevelopment Agency approve the changes to the Residential
Loan Program underwriting guidelines by a vote of
5:0 (Gosse, Mills absent).
RESOLUTIONS
A.
AMENDING RESOLUTION REGARDING THE ISSUANCE OF THE 1985 TAX ALLOCATION
BONDS FOR THE MAl NPLACE PROJECT I
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Agency Action: Adopt a resolution to amend Resolution 85-61, which
authorized the issuance of tax allocation bonds (1985 Series) for the
MainPlace project, in order to clarify the escrow release procedure.
Redevelopment Commission Recommendation: Recommend that the
Redevelopment Agency adopt a resolution to amend Resolution 85-61,
which authorized the issuance of tax allocation bonds (1985 Series E)
for the MainPlace project, in order to clarify the escrow release
procedure by a vote of 6:0 (Rosenow absent).
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5. BUDGET APPROVAL
A.
FY 1988-89 ANNUAL BUDGET OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA
Agency Action: Approve the FY 1988-89 budget of the Community
Redevelopment Agency of the City of Santa Ana as identified in pages
4-1 through 4-42 and 4-73 through 4-140 of the City of Santa Ana's
proposed annual budget, 1988-89.
Redevelopment Collll1i ssi on Acti on: Recommend that the Agency approve
the proposed 1988-89 budget by a vote of 5:0 (Balen
and Rosenow absent).
6. MISCELLANEOUS
A. AGENCY SECRETARY REPORT
A~ency Action: Instruct the Agency Secretary to enter into the
Mlnutes: Pursuant to Government Code Section 54954.2, the
May 17, 1988 Community Redevelopment Agency Agenda was posted
on the door of the Council Chambers, 22 Civic Center Plaza, at
1:DO p.m. on May 10, 1988.
7. EXECUTIVE SESSION
8. ORAL COMMUNICATION
9. ADJOURNMENT
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