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1981-152 CRA
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1981-152 CRA
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Last modified
1/3/2012 12:22:58 PM
Creation date
3/8/2005 12:12:20 PM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1981-152
Date
12/15/1981
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<br />. <br />-. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />7390B <br /> <br />JHHW:SSW:pl <br /> <br />12/14/81 <br /> <br />RESOLUTION NO. 81-152 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE <br />EXECUTION OF A NOTE PURCHASE AGREEMENT RELATING TO <br />A SECURED PROMISSORY NOTE (OLD CITY HALL) <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 Note Purchase Agreeement relating to the Community <br />Redevelopment Agency of the City of Santa Ana Secured Promissory Note (Old City <br />Hall) in the principal amount of $1,000,000, which Agreement is dated December 15, <br />1981, and is to be entered into by and between Wells Fargo Bank, National <br />Association and this Agency be and is hereby approved and the Chairman be and is <br />hereby authorized and directed to execute said Agreement and the Executive Director <br />be and is hereby authorized and directed to attest to his signature. <br /> <br />2. That the payment of commi tment fee referenced in sa id Agreement is <br />hereby approved. <br /> <br />3. That that cer't.ain Pledge Agreement relating to the investment of <br />proceeds of the Secured Promissory Note referenced in paragraph 1 above, which <br />Agreement is dated December 21,1981, and is to be entered into by and between Wells <br />Fargo Bank, National Association and this Agency, be and is hereby approved and the <br />Chairman be and is hereby authorized and directed to execute said Agreement and the <br />Execut ive Di rector be and is hereby authori zed and di rected to attest hi s <br />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 certifications, receipts and other documents necessary to consummate <br />the transactions contemplated by the aforesaid Note Purchase Agreement and Pledge <br />Agreement. <br /> <br />5. This Resolution shall take effect from and after the date of its passage <br />and adoption. <br />
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