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~ \ . . . . . EJC:sc 11/1/79 . RESOLUTION NO. 79-61 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING A MAJOR COMMERCIAL REHABILITATION LOAN PROGRAM WHEREAS, the Community Redevelopment Agency of the City of Santa Ana ("Agency"), a public body, corporate and politic, is authorized and empowered by the provisions of the Community Rede- velopment Law of the State of California to, among other powers, cause the rehabilitation of structures within the Redevelopment Project Area, and to issue its bonds for the purpose of aiding and assisting such rehabilitation; and WHEREAS, the City Council of the City of Santa Ana, State of California, adopted a Redevelopment Plan on July 2, 1973, by Ordinance NS-1173, amended on June 2, 1975, by Ordinance NS-1275, which said Redevelopment Planas amended established the Redevelopment Project Area ("Project Area"); and WHEREAS, the Agency desires to designate an area within said Project Area in which a rehabilitation program is to be implemented with the aid and assistance of the Agency; and to authorize the Agency, the Community Redevelopment Commission and Agency staff to continue its efforts to establish and implement a rehabilitation program; and WHEREAS, the Agency wishes to declare its intention to authorize the issuance of its bonds for the purpose Of causing rehabilitation under said program, which bonds shall be upon such terms and conditions as may be agreed upon by the Agency, pur- chasers, and participants. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDE- VELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: 1. That there is established a program to be known as the Major Commercial Rehabilitation Program ("Program"). a. That the portion of the Central Business District of the Project Area outlined in Exhibit "A" attached hereto and incorporated herein by reference is hereby designated as the Designated Rehabilitation Area. b. That the Program be given first priority in that portion of the Designated Rehabilitation Area as set forth in Exhibit "A" designated as the "Target Area". c. That the Redevelopment Commission of the City of Santa Ana ("Commission") is hereby directed and authorized to implement the Program as hereinafter described and to supervise and work in coordination with the Agency staff in the implementa- tion of said Program within the Designated Rehabilitation Area. 2. That the Program shall consist of the following elements: a. Identification and selection by the Agency staff of buildings within the Designated Rehabilitation Area for the purposes of rehabilitation, modernization, and upgrading, both as to use and as to physical structure. c2'8 4