1986-46 CRA - Laserfiche WebLink

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.. . . . . . .' WHEREAS, pursuant to the provisions of the California Community Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed lease and sale of the Site and the proposed Agreements; and NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: 1. The Lease-Purchase Agreement is hereby approved and the Chairman or his designee are hereby authorized and directed to execute and deliver the Lease-Purchase Agreement in the name of and on behalf of the Agency, in substantially the form and content now before this meeting, but with such changes, modifications, additions and deletions therein as shall be deemed necessary, desirable or appropriate by the Chairman. 2. The Trust Agreement is hereby approved and the Chairman or his designee are hereby authorized and directed to execute and deliver the Trust Agreement in the name of and on behalf of the Agency, in substantially the form and content now before this meeting, but with such changes, modifications, additions and deletions therein as shall be deemed necessary, desirable or appropriate by the Chairman. 3. The Assignment Agreement is hereby approved and the Chairman or his designee are hereby authorized and directed to execute and deliver the Assignment Agreement in the name of and on behalf of the Agency, in substantially the form and content now before this meeting, but with such changes, modifications, additions and deletions therein as shall be deemed necessary, desirable or appropriate by the Chairman. 4. The Loan Agreement is hereby approved and the Chairman or his designee are hereby authorized and directed to execute and deliver the Loan Agreement in the name of and on behalf of the Agency, in substantially the form and content now before this meeting, but with such changes, modifications, additions and deletions therein as shall be deemed necessary, desirable or appropriate by the Chairman. 5. The form of the Preliminary Official Statement, in the form presented to the Agency, is hereby approved and the previous distribution of said preliminary Official Statement by Shearson Lehman Bros. Inc. and Grigsby, Brandford & Co., Inc. to prospective purchasers of the Certificates of Participation is hereby ratified and approved. 6. The form of the Final Official Statement, in substantially the form of the Preliminary Official Statement presented to the City, is hereby approved and Shearson Lehman -3-