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Home My WebLink About06/21/1988 . . . , MINUTES REGULAR MEETING COMMUNITY REDEVELOPMENT AGENCY JUNE 21, 1988 The Regular Meeting of the Community Redevelopment Agency was called to order at 5:35 p.m. in the Council Chambers, 22 Civic Center Plaza, Santa Ana, California. The Pledge of Allegiance to the Flag was given and the following Agency Members were in attendance: PRESENT ABSENT Daniel Griset (5:45 p.m.) Wilson Hart Ron May Patricia McGuigan, Vice Chairperson Miguel Pulido Dan Young, Chairman John Acosta Others in Attendance: David N. Ream, City Manager Edward J. Cooper, City Attorney Cynthia J. Nelson, Executive Director Robert B. Hoffman, Redevelopment & Real Estate Manager Sandi Daniels, Project Manager Debra Kurita, Administrative Services Manager Tom Wilson, Co-owner, 2000 E. First Street Thomas Baggott, Attorney Vera Harrison, Stenographer MINUTES It was moved by Vice Chairperson McGuigan, seconded by Agency Member May and carried unanimously (5:0) that the Minutes of the Regular Meeting held May 17, 1988 be approved. SHORT-TERM LOAN OF $1.5 MILLION FROM THE SOUTH HARBOR PROJECT ------ AREA TO THE SOUTH MAIN PROJECT AREA It was moved by Vice Chairperson McGuigan, seconded by Agency Member Pulido and carried unanimously (5:0) that the Community 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. . . . GRANTING OF EXCLUSIVE RIGHT TO NEGOTIATE TO HUTTON DEVELOPMENT FOR THE IC-1 ŠITE ------------- Agency Member Griset arrived in Council Chambers at 5:45 p.m. Attorney Thomas Baggott presented a brief statement to the Community Redevelopment Agency. Mr. Battott represents Mr. Walter Leimert, owner of property on East First Street which has been identified as a site for commercial development. He commented that according to Mr. Leimert, the property is not blighted and that they did not volunteer to be included in the redevelopment plan. Mr. Baggott also stated that if the City wants the property redeveloped, it should be exempted from the plan. Mr. Baggott further informed the Redevelopment Agency that a lawsuit is pending in Superior Court under H&S Code Section 33399, which is regarding property that is under threat of condemnation. He asked that the Agency acquire the property or that it be exempt from the redevelopment plan. Mr. Tom Wilson, co-owner of property at 2000 E. First Street, also gave a brief statement. He commented that they do not want to own the property in its present condition, and expressed the need to lease the property on a short-term basis. Mr. Wilson added that they want the property developed to its highest and best use. It was moved by Agency Member Hart, seconded by Agency Member Griset and carried unanimously (6:0) that the Community Redevelopment Agency grant a ISO-day Exclusive Right to Negotiate to Hutton Development Company, Inc. for the development of a site within the 1900-2020 block of East First Street, referred to as the IC-1 site. A-13 SITE - TERMINATION OF DISPOSITION AND DEVELOPMENT AGREEMENT It was moved by Agency Member Hart, seconded by Agency Member Griset and carried unanimously (6:0) that the Community Redevelopment Agency authorize 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. TECHNICAL ASSISTANCE PROGRAM -------- It was moved by Agency Member Hart, seconded by Agency Member Pulido and carried unanimously (6:0) that the Community Redevelopment Agency approve the implementation of the Technical Assistance Program. CHANGES IN THE RESIDENTIAL LOAN PROGRAMS UNDERWRITING GUIDELINES -------- It was moved by Agency Member Hart, seconded by Agency Member Pulido and carried unanimously (6:0) that the Community Redevelopment Agency approve the changes to the Residential Loan Program underwriting guidelines. -2- . . . , . AMENDING RESOLUTION REGARDING THE ISSUANCE OF THE 1985 TAX ALLOCATION BONDS FõR-rHË MAINPLACE PROJECT It was moved by Vice Chairperson McGuigan, seconded by Agency Member Pulido and carried unanimously (6:0) that the Community Redevelopment Agency adopt Resolution 88-11: A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY FORMALIZING THE PROCEDURE RE PAYMENTS OUT OF THE ESCROW FUND AS PROVIDED IN SECTION 13 OF RESOLUTION NO. 85-61, AUTHORIZING THE ISSUANCE OF TAX ALLOCATION REFUNDING BONDS OF SAID AGENCY IN THE PRINCIPAL AMOUNT OF TWENTY MILLION DOLLARS ($20,000,000) TO REFUND THE CONTRACTUAL OBLIGATION OF THE DISTRICT (MAINPLACE PROJECT) AND AWARDING THE BONDS TO R. H. MOULTON & COMPANY. FY 1988-89 ANNUAL BUDGET OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA - It was moved by Agency Member Hart, seconded by Agency Member Pulido and carried unanimously (6:0) that the Community Redevelopment Agency 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. AGENCY SECRETARY REPORT --------- It was moved by Agency Member Pulido, seconded by Vice Chairperson McGuigan and carried unanimously (6:0) that the Community Redevelopment Agency instruct the Agency Secretary to enter into the Minutes: 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 p.m. on May 10, 1988. ADJOURNMENT ----- There being no further business to come before the Community Redevelopment Agency, the meeting was adjourned at 5:50 p.m. cy~2n& Executive Director/ Community Development Agency vh: 13 -3-