1980-070 CRA - Laserfiche WebLink

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. . . , WELLS FARGO BANK NATIONAL ASSOCIATION ORIGINAL Santa Ana Office P.O. Box 6069 2323 North Broadway Santa Ana, California 92706 Community Redevelopment Agency of the City of Santa Ana 20 Civic Center Drive Santa Ana, California 92701 Gentlemen: Reference is hereby made to your Notice Inviting Bids on $800,000 Promissory Note published June 6, 1980 (the "Notice") and our prior letters to you dated April 25, 1980 (the "Commitments to Bid") relating to two promissory notes to be offered by you at public sale in the aggregate principal sum of $800,000. 5ubject to the terms and conditions set forth herein and the terms and conditions of the Commitments to Bid (except to the extent expressly modified herein), the undersigned hereby offers to purchase at par, within 30 days after the satisfaction of all such terms and conditions, a single promissory note issued by you payable to the order of the undersigned in the principal sum of $800,000.00 bearing interest at a rate per annum of 8.7 percent. Such promissory note shall be in substantially the form of the promissory note attached hereto as Exhibit A, with such changes therein as shall be mutually agreeable. Except for the fact that we are offering to purchase one promissory note in the principal amount of $800,000 rather than two promissory notes aggregating such amount, as contemplated by the Commitments to Bid, and except for the change in interest rate from 10 percent per annum to 8.7 percent per annum, all terms and conditons set forth in the Commitments to Bid are herein incorporated by reference and shall remain in full force and effect and be applicable to this offer in 'the same manner as if we were offering to purchase two promissory notes, as contemplated therein. In addition, this offer is expressly subject to your satisfying or causing to be satisfied no later than June 25, 1980, the following conditions: 1. You shall have executed and delivered, and caused the Borrowers described in the Commitments to Bid to have executed and delivered an acceptance of the terms and conditions of the Commitments to Bid, as expressly modified hereby. . . EXHIBIT A '=>'/- ãE. - .