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�/*p we wi oA ti4 <br />G11 r OF SANTA ANA <br />n <br />'60�►AiY JUN 13 i9 <br />COMMUNITY DEVELOPME'. i <br />U.S. Departrr, of Housing and Urban Development <br />Los Angeles Arw... Office, Region IX <br />1615 Weal Olympia Boulevard <br />Los Angeles, California 90015-38M <br />Ms. Cynthia Nelson <br />Director of Community Development Agency <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92702 , <br />Dear Ms. Nelson: <br />SUBJECT: Urban Development Action Grant Program <br />Fiesta Market Place Project <br />Project Number: B-84-AA-06-0615 <br />Approval of Legally Binding Commitments <br />7 JUN 1988 <br />i <br />r <br />I <br />On April 26, 1988, the Department accepted the Legally Binding <br />Commitments, paragraphs I through XXII of Exhibit E of the Amended <br />Grant Agreement, for the project. _ <br />Your agency may draw down $678,000 pursuant to the requirements <br />of the Amended Grant Agreement and the Letter of Credit procedures. <br />You must have in file the documentation called for by paragraphs <br />III(a)(3)(aa)(iv), IV(a)(3)(aa)(iv), and V(a)(3)(aa)(iv) of the <br />Amended Grant Agreement before funds are disbursed to the developers. <br />Please note that the funds allocated to the Escalante portion of <br />the project ($11,000) are not included in the above authorization. <br />These funds are deleted from the project financing plan and will not <br />be available for disbursement. Your agency may draw down the funds <br />allocated to the Ceballos portion of the project for new construction <br />activities only. These funds ($36,000) may be drawn down at the <br />ratio of $1.00 of UDAG funds to $11.50 of countable private funds - <br />spent for new construction to a maximum of $36,000.'' <br />Enclosed is a copy of the amended Letter.of Credit. Upon <br />satisfying statutory and regulatory program requirements, you are <br />authorized to draw down funds against the Letter of Credit by <br />forwarding Treasury Form SF-183, "Request For Payment on Letter of <br />Status of Funds Report", to the Treasury Regional Disbursing Office <br />identified in the Letter of Credit. The Treasury Regional Disbursing <br />Office will mail a Treasury check to your depository -for deposit in <br />your account. Enclosed is a supply of Treasury Forms SF-183. <br />Additional Treasury Forms SF-183 may be obtained from the HUD <br />Los Angeles Office.I <br />Il Sin er.ely, <br />Benjamin F. Bobo, Ph.D. <br />Manager <br />Los Angeles office, 9.4S <br />Enclosure <br />