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1981-165 CRA
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1981-165 CRA
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Last modified
1/3/2012 12:22:59 PM
Creation date
3/8/2005 12:10:05 PM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1981-165
Date
12/15/1981
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<br />. <br /> <br />, <br /> <br />, <br /> <br />. <br /> <br />. <br /> <br />7391B <br /> <br />JHHW:SSW:sc 12/14/81 <br /> <br />RESOLUTION NO. 81-165 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING <br />EXECUTION OF A PROJECT AGREEMENT RELATING TO <br />ARCADE PARTNERSHIP FOR PROPERTY LOCATED AT 515 <br />NORTH MAIN STREET <br /> <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA, AS FOLLOWS: <br /> <br />1. That that certain Project Agreement dated as of December 1, 1981, by <br />and among this Agency, Wells Fargo Bank, National Association and Arcade <br />Partnership relating to the rehabilitation of properties located at 515 North Main <br />Street be and is hereby approved and that the Chairman be and is hereby authorized <br />and directed to execute said Agreement and the Executive Director be and is hereby <br />authorized and directed to attest his signature. <br /> <br />2. That the issuance by the Agency of a commitment to make a loan to the <br />Participant in accordance with the terms and conditions of said Project Agreement <br />be and i s hereby approved. <br /> <br />3. That the Collateral Assignment referenced in said Project Agreement be <br />and is hereby approved and that the Chai rman be and i s hereby authori zed and <br />directed to execute said Collateral Assignment and the Executive Director be and is <br />hereby authorized and directed to attest his signature. <br /> <br />4. That the Chairman, Vice Chairman, Executive Director, Finance Officer <br />and Rehabilitation Program Coordinator of the Community Redevelopment Agency of the <br />City of Santa Ana be and are each hereby authorized and directed to execute and <br />deliver all certificates, receipts and other document necessary to consummate the <br />transactions contemplated by the aforesaid Project Agreement. <br /> <br />5. This Resolution shall take effect from and after the date of its <br />passage and adoption. <br />
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