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<br />. <br /> <br />RESOLUTION NO. 2000-02 <br /> <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA APPROVING A <br />DISTRIBUTION OF NET LmGATION <br />PROCEEDS, ADDmONAL FUNDS AND <br />OTHER FUNDS RELATED TO THE ORANGE <br />COUNTY BANKRUPTCY. <br /> <br />WHEREAS, Community Redevelopment Agency of the City of Santa Ana (the <br />"Agency") is an Option A Pool Participant, as that term is defined in the Second <br />Amended Plan of Adjustment ("Plan") for the County of Orange ("County"); and, <br /> <br />WHEREAS, the Representative, as that term is used in the Plan, has served a <br />Notice of Motion and Motion of the Representative for Order Approving (1) Distribution <br />of Net Litigation Proceeds; (2) Distribution in Respect of Assigned Excluded Clsims; <br />(3) The Representative's Fee; (4) Certain Other Actions of the Representative; and (5) <br />The Representative's Final Report ("Final Report Motion"); and, <br /> <br />. <br /> <br />WHEREAS, the Pool Committee and the County have served a Notice of Motion <br />and Joint Motion for Order Approving Compromise Regarding Additional Funds and <br />Reclassification ofClsims ("Additional Funds Motion"), which motion describes the <br />proposed division of certain "Additional Funds"; and, <br /> <br />WHEREAS, the Agency is entitled to a distribution of Net Litigation Proceeds, <br />Additional Funds and other funds as described in the Final Report Motion and the <br />Additional Funds Motion. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. Rod Coloma, the City of Santa Ana Finance & Management Services Agency <br />Executive Director, is hereby designated to receive all distributions made pursuant to (i) <br />the Final Report Motion or any order of the Bankruptcy Court relating thereto; and/or (ii) <br />the Additional Funds Motion or any order of the Bankruptcy Court relating thereto. <br /> <br />2. All distributions to which the Agency is entitled under or pursuant to the Final <br />Report Motion and/or the Additional Funds Motion should be delivered to Rod Coloma, <br />the City of Santa Ana Finance & Management Services Agency, Executive Director. <br /> <br />. <br /> <br />3. The fonn of the Release and Settlement Agreement which is attached to the <br />Additional Funds Motion be and hereby is approved, the Chairman of the Agency is <br />hereby authorized to execute it on behalf of the Agency, with such non-substantive changes <br />as may be approved by Agency Counsel. <br />