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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />REL:ms <br />7/l7/80 <br /> <br />RESOLUTION NO. 80-91 <br /> <br />A RESOLUTION OF THE REDEVELOPMENT <br />COMMISSION OF THE CITY OF SANTA ANA <br />APPROVING COMMERCIAL REHABILITATION <br />LOAN COMMITMENTS TO WARREN K. VAN <br />INGEN, ET AL, <br /> <br />WHEREAS, by Resolution No, 79-6l 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 Warren K. Van Ingen, Pete Van Ruiten and Mary Van Ruiten; <br />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 Cormnercial Rehabilitation Participation Agreements; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT CŒ~ISSION OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />A loan commitment to Warren K. Van Ingen, Pete Van <br />Ruiten, and Mary Van Ruiten in the form set forth in Exhibit <br />A, attached hereto and incorporated herein by reference, is <br />hereby approved, and the Executive Director is authorized to <br />execute the same, subject to an interest rate of 8.1125 % <br />and a monthly installment payment of $7,792.84 <br /> <br />ADOPTED this 22nd day of <br />by the following vote: ----- <br /> <br />July <br /> <br />, 1980, <br /> <br />AYES: <br /> <br />MID{BERS: Coil, Hill, Jessee, Kane, Nalle, Newcomb <br /> <br />NOES: <br /> <br />MEMBERS: None <br /> <br /> <br />ABSENT: <br /> <br />ME14BERS: God inez <br /> <br />ATTES~~ ~ <br /> <br />DAVID N. REAM <br />EXECUTIVE DIRECTOR/ <br />RECORDING SECRETARY <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />/os- <br /> <br />5C <br />