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'411 -V <br />�_Xli 4 L• <br />DATE — January 20, 1987 <br />TITLE JOINT PUBLIC HEARING REGARDING <br />THE FIESTA MARKETPLACE PROJECT <br />CITY MANAGER <br />AGENCY RECOMMENDATION <br />DATE OF AGENCY ACTION <br />SUA <br />Adopt Resolution No. 87-07: A RESOLUTION OF THE C014MITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA APPROVING AN AMENDMENT OF AGRED04T WITH FIESTA <br />MARKETPLACE PARTNERS. <br />COUNCIL RECOMMENDATION <br />1. Adopt Resolution No. 87-10: A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />SANTA ANA APPROVING AN AMENDMENT TO A "DISPOSITION AND DEVELOPMENT <br />AGREEMEN7 BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA AND FIESTA MARKETPLACE PA1Z'1kTW.1S. <br />2. Approve and authorize the Mayor to execute a'Lease Agreement, a License <br />Agreement, and a Property Line Agreement for"the development of Fiesta <br />Marketplace. <br />COMMISSION RECOMMENDATION <br />Recommend that the Redevelopment Agency approve and authorize the Chairman to <br />execute the Amendment to the Disposition and Development Agreement. <br />EXECUTIVE SUMMARY <br />On August 20, 1985, the Agency entered into a Disposition and Development <br />Agreement with Fiesta Marketplace Partners for the development of a festival <br />retail and office development on Fourth Street between French Street and Bush <br />Street. The Agency -acquired sites have been conveyed to the Partnership and <br />construction is scheduled to begin in February, 1987. The four proposed <br />Agreements are necessary to implement the project and reflect changes and <br />refinement in the scope of development that have occured since the original <br />Agreement was executed. <br />fim <br />