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EJC:ar <br />12/11/84 <br /> <br />RESOLUTION NO~ 841160 <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SANTA ANA ESTABLISHING MODIFICATIONS TO <br />THE HOME IMPROVEMENT LOAN AND REBATE PROGRAMS <br />AND IN SETTLEMENT OF THAT LITIGATION ENTITLED <br /> CITY OF ORANGE, ET AL. V. CITY OF SANTA ANA <br /> ET AL., O.C.S.C. NO. 43-39-36 <br /> <br />t~ <br /> <br />Ag <br />Sa <br /> <br />Ac. <br /> <br />C <br /> <br />v( <br />s( <br /> <br />ac <br />a <br />1 <br /> <br />tf <br />ir <br />m( <br />fi <br /> <br />A~ <br /> <br /> R( <br /> ar <br />tl <br />hi <br /> <br /> WHEREAS, on May 15, 1984, the City Council of <br /> City of Santa Ana, by Resolution No. 84-61, approved the sale of <br /> property upon terms and conditions contained in a Participation <br />~eemen~ between the Community Redevelopment Agency of the City of <br />3ta Aha and Santa Ana Venture; and <br /> <br /> WHEREAS, on May 15, 1984, the Community Redevelopment <br />3ncy of the City of Santa Aha, by Resolution No. 84-11, approved <br />id Participation Agreement for the redevelopment of the Fashion <br />uare Shopping Center. <br /> <br /> WHEREAS, an action entitled City of Oran~e~ et al. v. <br />ty of Santa Anar et al., Orange County Superior Court No. 43-39-36 <br />s been filed challenging the validity of the Participation Agree- <br />nt; and <br /> <br /> WHEREAS, the City of Santa Ana and the Community Rede- <br />lopment Agency of the City of Santa Ana desire to settle and re- <br />lve the above-entitled litigation; and <br /> <br /> WHEREAs, the relevant parties to the above-entitled <br />ti?n have agreed to a Settlement ~greement with Mutual Releases and <br />Stipulated jUdgment, copies of which are attached hereto as Exhibits <br />and 2, respectively, and incorporated herein by reference ; and <br /> <br /> WHEREAS, the City Council of the City of Santa Ana and <br />e Community Redevelopment Agency of the City of Santa Ana in adopt- <br />g this resolution are acting in reliance on said Settlement Agree- <br />nt with Mutual Releases and the carrying out of its terms in good <br />ith by the parties thereto. <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA <br />A DOES RESOLVE AS FOLLOWS: <br /> <br /> SECTION 1: That the City of Santa Ana and the Community <br />development Agency of the City of Santa Ana agree to the terms of, <br />d authorize the City Manager and the Executive Director to execute <br />e Settlement Agreement with Mutual Releases attached hereto as Ex- <br />bit 1. <br /> <br /> <br />