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<br />l <br /> <br />" -, <br /> <br />RESOLUTION NO. 84-9 <br /> <br />I <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR <br />AND THE DIRECTOR OF COMMUNITY DEVELOPMENT <br />TO EXECUTE LOAN AGREEMENTS ON BEHALF OF <br />THE AGENCY PURSUANT TO THE DIRECT <br />COMMERCIAL LOAN PROGRAM <br /> <br />WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana ("Agency"), on August 1, 1983, authorized <br />Agency staff to implement a "Direct Commercial Rehabilitation <br />Loan Program" within the redevelopment project areas of the <br />City of Santa Ana and approved certain credit criteria and <br />terms and conditions for the funding of loans under that <br />Program, and <br /> <br />WHEREAS, the Agency is now prepared to enter into <br />loan agreements with borrowers under the said Program; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA that the Execu- <br />tive Director of the Agency and the Community Development <br />I Director of the Ci ty of Santa Ana are each authorized to enter <br />into loan agreements on behalf of the Agency between the Agency <br />and borrowers under the abovesaid "Direct Commercial Rehabil- <br />itation Loan program," upon the determination by either such <br />officer that the loan agreement complies with the credit <br />criteria, terms and conditions approved by the Agency and is <br />otherwise consistent with the best interests of the Agency. <br /> <br />ADOPTED this ~ day of <br /> <br />ADril <br /> <br />,1984. <br /> <br />AYES: MEMBERS: <br />NOES: MEMBERS: <br />ABSENT: MEMBERS: <br /> <br />Acosta, Griset, Johnson, Luxembourger, <br />McGuigan, Young <br />None <br /> <br />~ <br /> <br />'Rex S son, Executive <br />DirectorlRecording Secretary <br /> <br />Bricken ~ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />4j. uxe o~¿~ <br /> <br />Mayor <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />If! <br /> <br />5A <br />