1981-162 CRA - Laserfiche WebLink

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I. . , I .. . "'7391B JHHW:SSW:sc 12/14/81 RESOLUTION NO. 81-162 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING EXECUTION OF A PROJECT AGREEMENT RELATING TO VELMA FREEMAN FOR PROPERTY LOCATED AT 311/315 WEST FOURTH STREET BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: 1. That that certain Project Agreement dated as of December 1, 1981, by and among this Agency, Wells Fargo Bank, National Association and Velma Freeman relating to the rehabilitation of properties located at 311/315 West Fourth Street be and is hereby approved and that the Chairman be and is hereby authorized and di rected to execute sai d Agreement and the Executi ve Di rector be and i s hereby authori zed and di rected to attest hi s si gnature. 2. That the issuance by the Agency of a commitment to make a loan to the Participant in accordance with the terms and conditions of said Project Agreement be and i s hereby approved. 3. That the Collateral Assignment referenced in said Project Agreement be and i s hereby approved and that the Chai rman be and i s hereby authori zed and directed to execute said Collateral Assignment and the Executive Director be and is hereby authorized and directed to attest his signature. 4, That the Chairman, Vice Chairman, Executive Director, Finance Officer and Rehabilitation Program Coordinator of the Community Redevelopment Agency of the City of Santa Ana be and are each hereby authorized and directed to execute and deliver all certificates, receipts and other document necessary to consummate the transactions contemplated by the aforesaid Project Agreement. 5. This Resolution shall take effect from and after the date of its passage and adoption.