HomeMy WebLinkAbout06/30/1986
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MINUTES
SPECIAL MEETING
COMMUNITY REDEVELOPMENT AGENCY
JUNE 30, 1986
Chairman Griset called the Special Meeting of the Community
Redevelopment Agency to order at 8:30 P.M. in the Second Floor
Conference Room of the Bowers Museum, 2002 North Main Street,
Santa Ana, California. The roll was called:
PRESENT
ABSENT
John Acosta
Daniel E. Griset, Chairman
P. Lee Johnson, Vice Chairman
Wilson Hart
R. E. Luxembourger
Patricia McGuigan
Dan Young
Others in attendance:
Robert C. Bobb, City Manager
Edward J. Cooper, City Attorney
Rex Swanson, Deputy City Manager/Development
Jan Perkins, Deputy City Manager/Operations
Richard P. Dominguez, Manager of Finance and
Services
Operations
SHORT-TERM
NOTE
LOAN
COMPLETE
PAYOFF OF THE SANTA FE LAND
BANK
TO
In response to questions from Agency Member Acosta, staff
explained that the Swiss Bank, which had previously been
approved for this short-term bank loan, had not been able to
act in a timely manner. Therefore, Banque Paribas was now
being recommended by staff because they had given final
approval of the loan in four days.
After further discussion, it was moved by Vice Chairman
Jdhnson, seconded by Agency Member McGuigan and carried
unanimously (7:0) that the Agency approve a two-year,
$10,500,000 bank loan to complete payoff of the Santa Fe Land
Note.
ADJOURNMENT
There being no further business to come before
meeting was adjourned at 8:37 P.M.
the
the
Agency,
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cÆ. W-
Daniel E. Griset
Chairman
Executive Director
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