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MINU'IIES of a reguilam meeting of Ibe RedavueilopmEirutll Agency cull tlhe City11 of
Redlands rllEild in the Council Chambers, 212 Brookside AvenuEiii, on
December 119111, 199101, at 9 :34 P.M.
EIREIISENT Charles G. DEiMir'Mn, (hairman
William E. Cluinnirugbam, MembElll
Smiiienu Larson, NIIEuimtlller
Dee Arun Mil€iiiioru, Member
James D. Wheaton, Executive >✓1ibicctaiiii
Daniel J. McHugh), Ageri cy111 Attonineyl
Norman McMenE my , Agency DirElatllor
Llollnic Eloy 2 er, Agency Secretary
EIIEuimela FR211siimmons, The Suin
Steven Church), REidland.ui DEdly Factai
ABSENI11 Carole Ellesw7culd, Vice Clbairmari
Miinutles cuff the regular rreeting of Decuiember 51, 119191(1, weXEui
applrovuued as submitted.
Sauinta Fe DEpot1 The Disposition and Ellevelopmerut Agreement) fcir the resllcirailion of
the Santa Fe Deplcot provides for a facade improvemeritl grand in tyle
amount of $121511,000.0(II Tb1e Redeveloper baso reglt;uestteid that the
Agency amend its usual prciciedurEius of providing financial
assistance atl tbEi complllEuition of the p ro.11ecil arud instead provide ouxi
financial assistance "up-°flronll" as tba piio;jecil pzioceeds. An
amendment to the Disposit:icun Euund DEuvelopmEuiriitl Agreemeruitl'' whicib
pllrovideusi flor a loauin sieciuumed by Deed of Truist which requirEis
repayment to thle Aglerucuiy11 in illbe evuient of non-completion Of tblsi
protect was presented at tltsi dime fora consideration. Following
bllij:ieifl di;icussion, Mr. Larsan movuiEid to aplpijovc the Eiccorid
ameindmant tlo the Dfisupciusuiitilon and Development Agreement)) (SantlEiN Elea
EIIiio7jecil) including the promiwursory node and deed cif truist as
plresenllleid. Motion seconded by Mrs. Milsioru Eund carried by ANEII
vucutlles of Evill presientl.
There beirug no ftirtlbler blusiness, the meeting ad.11ournieid at
4:45 P.M.
The meeting cifl Jarivaiiiy11 2, 119911 will not be held. The
Redeveloplment A91erucuiy111 will meet on Jauinuary 1151, l(191.
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ATTEST:_ Chair evuelopmeni.11 Agerricuyll
8-66—retrye