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<br />. <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 81-142 <br /> <br />A RESOLUTION OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />$670,000 PRINCIPAL AMOUNT OF COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA <br />SECURED PROMISSORY NOTE <br />(Arcade & Marks) <br /> <br />WHEREAS, the Community Redevelopment Agency .of the City of Santa Ana <br />(the "Agency") is a redevelopment agency functioning pursuant to Part 1 <br />(comnencing with Section 33000) of Division 24 of the Health and Safety Code <br />of the State of California and as such c.onstitutes a local agency within <br />Secti.on 37602(g) of the Marks Historical Rehabilitati.on Act .of 1976, as <br />amended (the "Act"); <br /> <br />WHEREAS, pursuant to its Resolution No. 81-124, adopted N.ovenber 2, <br />1981, the Agency, with the consent of the City of Santa Ana (the "City") <br />adopted by reference the historical rehabilitation program established by the <br />City under the Act; <br /> <br />WHEREAS, pursuant t.o the Act, the Agency has determined to issue its <br />Secured Promissory Note to aid in the financing of the rehabilitati.ol]. of <br />historical properties located within the historical rehabilitation area <br />designated by the City in accordance with the procedures described in the Act; <br /> <br />WHEREAS, the Agency has reviewed all proceedings heretofore taken and <br />has found, as a result of such review, and hereby finds and determines, that <br />all things, conditions and acts required by law to exist, happen or be <br />performed precedent t.o and in connection with the issuance of the Note do <br />exi st, have happened and have been performed in due time, form and manner as <br />required by law, and the Agency is now duly emp.owered, pursuant t.o each and <br />every requirement of law, to issue the Note in the manner and form provided in <br />this Resolution. <br /> <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA AS FOLLOWS: <br />