Laserfiche WebLink
401 : <br /> <br />RESOLUTION NO. 95-006 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING THE FORM OF <br />AND AUTHORIZING THE EXECUTION AND DELIV- <br />ERY BY THE CITY OF A MODIFICATION OF. <br />GROUND LEASE AND A MODIFICATION OF <br />LEASE; MAKING CERTAIN DETERMINATIONS <br />RELATING THERETO; A/~D AUTHORIZING CER- <br />TAiN OTHER ACTION IN CONNECTION THERE- <br />WITH <br /> <br /> WHEREAS, the City of Santa Ana (the "City") is a municipal <br />corporation duly organized and validly existing under the Constitu- <br />tion and laws of the State of California and authorized to transact <br />business and exercise its powers, all under and pursuant to the <br />Constitution and laws of the State of California; and <br /> ~o <br /> <br /> WHEREAS, the city and the City of Santa Ana Financing <br />Authority (the "Authority"), a joint powers authority, duly <br />organized and existing under the laws of the State, have entered <br />into a Ground Lease Agreement, dated as of March 1, 1994 (the "1994 <br />Ground Lease"), recorded on March 22, 1994 in the Office of the <br />County Recorder of Orange in the Official Records of the County; <br />and <br /> <br /> WHEREAS, the city and the Authority have entered into a Lease <br />Agreement~ dated as of March 1, 1994 (the "1994 Lease") recorded on <br />March 22, 1994 in the Office of the County Recorder of Orange in <br />the Official Records of the County; and <br /> <br /> WHEREAS, the City and the Authority inadvertently included <br />certain real property (the "Real Property") as part of the real <br />property subject to the 1994 Ground Lease as described in "Exhibit <br />A--Description of the Parcels" of the 1994 Ground Lease and as part <br />of the real property subject to the 1994 Lease as described in <br />"Exhibit A--Description of Leased Property" of the 1994 Lease; and <br /> <br /> WHEREAS, the city and the Authority find it desirable to <br />release the Real Property from the 1994 Ground Lease and the 1994 <br />Lease; and <br /> <br /> WHEREAS, there has been presented at this meeting a form of <br />Modification of Ground Lease Agreement (as hereinafter defined), <br />pursuant to which the City and the Authority will release the Real <br />Property from the 1994 Ground Lease; and <br /> <br /> WHEREAS, there has been presented at this meeting ~ form of <br />Modification of Lease Agreement (as hereinafter defined), pursuant <br /> <br /> <br />