1983-12 CRA - Laserfiche WebLink

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{ WHEREAS, it is appropriate at this time for the Agency to approve all of said transactions relating to the financing of the Project; ~ NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment 1IJ Agency of the City of Santa Ana as follows: Section 1. Pro'ect Serves Redevelo ment Pur oses. The Agency hereby fInds and etermines that the proJect IS of benefit to the City of Santa Ana Community Redevelopment Project Area of the Agency, and the undertaking of the Project by the City and the Agency serves the redevelopment purposes of the Agency. Section 2. Purchase Contract; Sale of Certificates. The certif- icates are hereby authorized to be sold to the Underwriter upon the terms and conditions set forth in the form of Purchase Contract sub- mitted to the Agency by the Underwriter, together with such other terms and conditions as shall be approved by the Executive Director, and the Agency hereby approves the sale of the Certificates to the Underwriter pursuant to and in accordance with the Purchase Contract. The Chairman of the Agency is hereby authorized and directed to exe- cute and the Secretary is hereby authorized and directed to attest and affix the seal of the Agency to the Purchase Contract for and in the name and on behalf of the Agency. . Section 3. Approval of Financing Agreements. The Lease Agree- ments, the Site Leases, the Assignment Agreements and the Trust Agree- ments, in substantially the respective forms submitted to the Agency at the meeting at which time this resolution is adopted, together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director upon the advice of the Agency Attorney, are each hereby approved. The Chairman of the Agency is hereby authorized and directed to execute and the Secretary is hereby authorized and directed to attest and affix the seal of the Agency to each of said agreements for and in the name and on behalf of the Agency. Section 4. Official Statement. The final Official Statement, dated May 16,1983, in the form submitted to this meeting by the Underwriter, is hereby approved. Distribution heretofore by the Underwriter of the preliminary Official Statement relating to the Certificates is hereby approved, confirmed and ratified. Section 5. Official Action. All actions heretofore taken by the officers and agents of the City with respect to the sale and . delivery of the Certificates are hereby approved, confirmed and rati- fied, and the Chairman, the Secretary, the Executive Director, the Agency Attorney, and any and all other officers of the City are hereby authorized and directed, for and in the name and on behalf of the City, to do any and all things and take any and all actions, including execution of any and all certificates, requisitions, agreements and other documents including but not limited to those documents described /J-5" IB