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1976-24 CRA
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1976-24 CRA
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Last modified
1/3/2012 12:23:38 PM
Creation date
3/8/2005 9:05:24 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1976-24
Date
9/7/1976
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<br />, <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />which is incorporated herein and attached hereto as Exhibit "A" <br />(hereinafter called "Property") has I;>een conveyed in accordance <br /> <br />with and subject to 1) <br /> <br />the Grant Deed, recorded in the office <br /> <br />the County Recorder of Orange County, California, and on file <br /> <br /> <br />in the offices of the Secretary of the.Agency and Authority, <br /> <br />and incorporated herein by this reference, 2) <br /> <br />the Redevelopment <br /> <br />Plan, which was approved and adopted by the City Council of <br /> <br /> <br />the City on July 2, 1973, by Ordinance No. 1173 and the amend- <br /> <br />ment to said Redevelopment Plan which was approved and adopted <br /> <br />on June 2,1975 by Ordinance No. 1258 of said Council, and 3) <br /> <br />.' the Contract for Sale of Land for Private Redevelopment (herein- <br /> <br />after called "Contractn) dated January 19, 1976, and the Amend- <br /> <br />ments to said Contract dated April 29, 1976 and June 24,1976,- <br /> <br />entered into by and between Agency, Authority and Redeveloper, <br />copies of which are on file in the offices of Secretary of <br /> <br />the Agency and Authority, and are incorporated herein by this <br />reference; and <br /> <br />WHEREAS, the Authority and the Redeveloper have agreed <br /> <br />to proceed with an undertaking whereby Redeveloper will con- <br /> <br />struct 200 units of new leased housing for persons of low and <br />moderate income, which is further subject to an Annual Contri- <br /> <br />I;>utions Contract and Agreement to Enter Irlto Housing Assistance <br /> <br />Payments Contract executed by and between the Authority and <br /> <br /> <br />the Redeveloper with the U.S. Department of Housing and Urban <br /> <br />Development (hereinafter called "HUD"), copies of which are <br />on file in the office of Secretary of the Authority, and are <br /> <br />incorporated herein by this reference; and <br />WHEREAS, the Agency, the Authority and Redeveloper <br /> <br />now desire to execute an implementation agreement that sets <br /> <br /> <br />forth a mutual understanding of certain terms and conditions <br /> <br />found within the Contract and the Amendments to said Contract <br /> <br />entered into by and between the parties; <br />NOW, THEREFORE, in consideration of the premises.and <br /> <br />the mutual obligations of the parties hereto, each of them <br /> <br />(lP!, <br /> <br />'/' It- <br />
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