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. . I . . 7390B J:~HW:SSW:p1 12/14/81 ~ RESOLUTION NO. 81-150 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE EXECUTION OF A NOTE PURCHASE AGREEMENT RELATING TO A SECURED PROMISSORY NOTE (ARCADE & MARKS) BE IT RESOLVED, BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: 1. That that certain Note Purchase Agreeement relating to the Community Redevelopment Agency of the City of Santa Ana Secured Promissory Note (Arcade & Marks) in the principal amount of $670,000, which Agreement is dated December 15, 1981, and is to be entered into by and between Wells Fargo Bank, National Association and this Agency be and is hereby approved and the Chairman be and is hereby authorized and directed to execute said Agreement and the Executive Director be and is hereby authorized and directed to attest to his signature. 2. That the payment of commitment fee referenced i n said Agreement i s hereby approved. 3. That that certain Pledge Agreement relating to the investment of proceeds of the Secured Promissory Note referenced in paragraph 1 above, which Agreement is dated December 21,1981, and is to be entered into by and between Wells Fargo Bank, National Association and this Agency, be and is hereby approved and the Chairman be and is hereby authorized and directed to execute said Agreement and the Executi ve Di rector be and i s hereby authori zed and di rected to attest hi s signature. 4. That the Chairman, Vice Chairman, Executive Director, Finance Officer and Rehabil itat i on Program Coordi nator of the Communi ty Redevelopment Agency of the City of Santa Ana be and are each hereby authorized and directed to execute and deliver all certifications, receipts and other documents necessary to consummate the transactions contemplated by the aforesaid Note Purchase Agreement and Pledge Agreement. 5. This Resolution shall take effect from and after the date of its passage and adoption.