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1981-143 CRA
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1981-143 CRA
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Last modified
1/3/2012 12:22:57 PM
Creation date
3/8/2005 12:14:46 PM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1981-143
Date
12/15/1981
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<br />. <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />Party and payments .on contracts in the name of the Participating Party) in <br />connection with the rehabilitation of the Project; <br /> <br />(B) the cost of contract bonds and of insurance of all <br />kinds that may be required or necessary during the course of the <br />rehabilitation of the Project; <br /> <br />(C) all costs, of architectural and engineering <br />services, including the costs of surveys, estimates, plans and specifications <br />and preliminary investigations therefor, and for supervising construction, as <br />well as for the performance of all other duties required by or consequent upon <br />the proper rehabilitati.on of the Project; .or <br /> <br />(D) any .other c.osts or expenses incurred .on or after <br />the date upon which the Agency took .official action with respect to the <br />Project, as determined by the Agency, which are properly chargeable to the <br />capital account for, and constitute capital expenditures for, the Project .or <br />with a proper election by the Participating Party or but for such an election <br />would constitute capital expenditures for the Project. <br /> <br />(ii) all costs and expenses incurred by the Agency in <br />connection with the determination as to the feasibility or practicability of <br />undertaking the Project, and in connection with the administration and <br />supervision of the Project including architect, engineering, survey and <br />appraisal fees and c.osts; and <br /> <br />(iii) all expenses incurred in connection with the closing of <br />the Loan and the issuance of the N.ote, including without limitation loan fees, <br />legal and accounting expenses and fees, costs of title insurance, costs of <br />printing, and recording and filing fees; <br /> <br />(p) Project. "Pr.oject" means rehabilitation of the properties <br />located at 205 West Civic Center, which properties are owned by Y.M.C.A. of <br />Orange County. <br /> <br />(q) Promi ssory Note. "Promi ssory N.ote" means the notes executed <br />by the respective Participating Party evidencing and securing the repayment of <br />the respective L.oan pursuant t.o the respective Agreement. <br /> <br />(r) Purchase Agreement. "Purchase Agreement" means that certain <br />Purchase Agreement dated December IS, 1981, pursuant to the terms of which the <br />Bank agrees to purchase the Note from the Agency and the Agency agrees to sell <br />the Note to the Bank. <br /> <br />(s) Revenues. "Revenues" means all rents, receipts, payments and <br />other income and revenue received by the Agency or the Bank with respect to, <br />or otherwise derived from, the Financing of the Project, including without <br />limitation all Loan payments and prepayments thereof and other amount received <br />from the respective Participating Party pursuant to the Agreement alJd the <br />Promissory Note, all am.ounts and pr.operties derived from the enf.orcement .of <br /> <br />4 <br />
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