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<br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />-. <br /> <br />, <br /> <br />WHEREAS, Health and Safety Code Section 33445 authorizes <br />the Agency to pay for the acquisition and construction of <br />public improvements or to reimburse other public agencies <br />that have initially paid for such improvements; and <br /> <br />WHEREAS, the Agency has agreed to reimburse the City <br />from the Agency's property tax increment revenues and other <br />available revenues for the City's payments under the Lease- <br />Purchase Agreement for the acquisition and construction of <br />the Project which are not defrayed by parking revenues, <br />pursuant to the Loan Agreement, dated as of July 1,1986; and <br /> <br />WHEREAS, for this financing there has been presented to <br />the Agency the following documents for approval: <br /> <br />(1) A Lease-Purchase Agreement, dated as of July 1, <br />1986, by and between the Agency and the City, hereinafter <br />referred to as the Lease-Purchase Agreement; <br /> <br />(2) A Trust Agreement, dated as of July 1, 1986, by and <br />among First Interstate Bank of California, Los Angeles, <br />California, the Agency and the City, hereinafter referred to <br />as the Trust Agreement; <br /> <br />(3) An Assignment Agreement, dated as of July 1, 1986, <br />by and between the Agency and First Interstate Bank of <br />California, Los Angeles, California, hereinafter referred to <br />as the Assignment Agreement; <br /> <br />(4) A Loan Agreement, dated as of July 1, 1986, by and <br />between the Agency and the City, hereinafter referred to as <br />the Loan Agreement; <br /> <br />(5) A Preliminary Official Statement for Certificates <br />of Participation, dated July 24 , 1986, hereinafter <br />referred to as the Preliminary Official Statement; <br /> <br />(6) A Contract of Purchase, dated AIJ~IJ~t 1 ,1986, <br />by and among Shearson Lehman Bros. Inc., Grigsby, Brandford & <br />Co., Inc., the City and the Agency, hereinafter referred to <br />as the Contract of Purchase; and <br /> <br />WHEREAS, the Agency has prepared, reviewed and <br />considered a Summary Report setting forth the cost of the <br />Agreements to the Agency, the estimated value of the <br />interests to be conveyed determined at the highest uses <br />permitted under the Redevelopment Plan and the lease-purchase <br />price, and made said Summary Report available for public <br />inspection in accordance with the California Community <br />Redevelopment Law; and <br /> <br />-2- <br />