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<br />. <br /> <br />. <br /> <br />/ <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 80-lll-B <br /> <br />A RESOLUTION OF THE REDEVELOPMENT COMMISSION <br />OF THE CITY OF SANTA ANA APPROVING COMMERCIAL <br />REHABILITATION LOAN COMMITMENTS TO DAVID K. <br />FLAHERTY AND LEVA J. FLAHERTY. <br /> <br />WHEREAS, by Resolution No. 79-61 of the Community <br />Redevelopment Agency of the City of Santa Ana, the Redevelopment <br />Commission of the City of Santa Ana was directed and authorized <br />to supervise the Agency staff in the implementation of the <br />Major Commercial Rehabilitation Loan Program; and <br /> <br />WHEREAS, by Resolution No. 80-81 of the said <br />Agency, the Executive Director of the Agency is authorized <br />to sign all documents necessary to implement the Commercial <br />Rehabilitation Participation Agreement between the Agency <br />and DAVID K. FLAHERTY AND LEVA J. FLAHERTY; and <br /> <br />WHEREEAS, a commitment by the Agency to make a <br />permanent loan for the financing of commercial rehabilitation <br />is a necessary document in the implementation of each of the <br />abovesaid Commercial Rehabilitation participation Agreements; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT COMMISSION OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />A loan commitment to DAVID K. FLAHERTY AND LEVA J. <br />FLAHERTY in the form set forth in Exhibit A, attached hereto <br />and incorporated herein by reference, is hereby approved, <br />and the Executive Director is authorized to execute the <br />same, subject to an interest rate of 10.3125 % and a monthly <br />installment payment of $ 2,676.ll <br /> <br />ADOPTED this 28th day of OctobeJ: <br />following vote: <br /> <br />,1980, by the <br /> <br />AYES: <br /> <br />MEMBERS: Godinez, Hill, Jessee, Kane, Nalle, <br />Newcomb <br />MEMBERS: None <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />MEMBERS: Co il <br /> <br /> <br />ATTEST: <br /> <br />QJÛ¿J~ <br /> <br />DAVID N. REAM <br />EXECUTIVE SECRETARY/ <br />RECORDING SECRETARY <br /> <br />4A. <br /> <br />l3 <br />