1993-04 CRA - Laserfiche WebLink

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. . . WHEREAS, prudential Securities Incorporated, as underwriter (the "Underwriter"), has submitted to the City a proposed form of Purchase Contract to purchase the certificates (such Purchase Contract, in the form presented to this meeting, with such changes, insertions or omissions as are made pursuant to this Resolution, being referred to herein as the "Purchase Contract"); and WHEREAS, the Agency has been presented with a form of preliminary official statement (the "Preliminary Official Statement") to be distributed in connection with the public offering of the Certificates; and WHEREAS, the Agency has full legal right, power and authority under the Constitution and the laws of the State of California to enter into the transactions herein authorized; and WHEREAS, the members of the Agency (the "Board") has been presented with the form of each document referred to herein, relating to the Agency's proposed financing, and the Board has examined and approved each document and desires to authorize and direct the execution of such documents and the consummation of such financing; and WHEREAS, all acts, conditions and things required by the Constitution and laws of the State of California to exist, to have happened and to have been performed precedent to and in connection with the consummation of such financing authorized hereby do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the Agency is now duly authorized and empowered, pursuant to each and every requirement of law, to consummate such financing for the purpose, in the manner and upon the terms herein provided; NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Santa Ana, as follows: section 1. A11 of the recitals herein contained are true and correct and the Board so finds. Section 2. The Lease, on file with the Secretary, in substantially the form submitted to this meeting and made a part hereof as though set forth in full herein, be and the same is hereby approved. The Chairman and the Secretary or any other officers duly designated by the Board (the "Officers") are hereby authorized and directed, for and in the name and on behalf of the Agency, to execute and deliver the Lease in substantially said form, with such changes, insertions and omissions therein as such Officers and the Agency's legal counsel (the "Agency Counsel") may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof; provided, however, that the base rental payable in each fiscal year under the Lease shall not exceed the base rental which would have been LAI.36809.1 3 40990-7-WWS-12I31/92