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<br />,- , . <br /> <br />- <br /> <br />I' <br /> <br />! <br /> <br />8 <br /> <br />"t <br /> <br />. <br /> <br />. <br /> <br />BK 1 4 1 87 PG 1 0 19 <br /> <br />RESOLUTION NO. 81-93 <br />PAGE TWO <br /> <br />WHEREAS, Santa Ana Office Plaza has failed to <br />perform its obligations as required to acquire the subject <br />pr'operty from the Agency pursuant to the tetms of the said <br />Disposition and Development Agreement, and is thereby in <br />default under said Agreement, and has failed to cure said <br />default following notice thereof by the Agency; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. That the abovesaid Disposition and <br />Development Agreement is hereby terminated, and each party <br />thereto is released from any obligation of further <br />performance thereunder. <br /> <br />2. That the Community Redevelopment Agency of the <br />City of Santa Ana holds title to the subject property, as <br />hereinabove described, free and clear of all claims, rights, <br />and obligations arising, or alleged to arise, out of, or by <br />reason of, the said Disposition and Development Agreement. <br /> <br />3. That nothing herein shall be construed to be <br />a waiver by the Agency of any claim or right to money or <br />damages accruing to the Agency by reason of any breach of <br />the said Disposition and Development Agreement by Santa Ana <br />Office Plaza. <br /> <br />ADOPTED this 17th day of Auqust <br />by the following vote: <br /> <br />,1981, <br /> <br />AYES: MEMBERS: <br />NOES: MEMBERS: <br />ABSENT: MEMBERS: <br /> <br />Bricken, Griset, Acosta, <br />Serrato, Luxembourger, McGuigan <br />Markel <br /> <br />A~'~ <br /> <br />REX SWAN ON <br />EXECUTIVE DIRECTOR! <br />RECORDING SECRETARY <br /> <br />None <br /> <br />~ <br /> <br />GORDON BRICKEN <br />CHAIRMAN <br /> <br />APPROVED AS TO FORM: <br /> <br />~ <br /> <br />AGENCY LEGAL COUNSEL <br />