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<br />. <br /> <br />$ <br /> <br />.. <br /> <br />I <br /> <br />, <br /> <br />REL:a,dg <br />8/5/81 <br /> <br />RESOLUTION NO. 81-87 <br /> <br />A RESOLUTION OF THE CbMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA AUTHORIZING <br />BOND ISSUES FOR THE FUNDING OF PERMANENT <br />LOANS FOR REHABILITATION OF SPECIFIED <br />PROPERTIES AND MAKING CERTAIN FINDINGS <br />IN CONNECTION THEREWITH <br /> <br />WHEREAS, by Resolution No. 79-61, adopted November <br />5,1979, the Community Redevelopment Agency of the City of <br />Santa Ana adopted a Major Commercial Rehabilitation Program <br />and declared its intention to issue bonds or notes pursuant <br />to the Community Redevelopment Law or the Marks Historical <br />Rehabilitation Act of 1976 for the purpose of providing <br />financial assistance to developers and owners of properties <br />by funding permanent loans for rehabilitation of said <br />properties within a Designated Rehabilitation Area, therein <br />described; and <br /> <br />WHEREAS, in order to induce developers and owners <br />of property within the described Designated Rehabilitation <br />Area, the Community Redevelopment Agency of the City of <br />Santa Ana desires to take official action authorizing the <br />issuance of specified bonds to fund loans made for <br />rehabilitation of specified properties by developers and <br />owners. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. In accordance with the general requirements <br />set forth in Resolution Number 79-61, this Agency hereby <br />authorizes the issuance of one or more separate and distinct <br />bond issues in an amount not to exceed $1,000,000 per bond <br />issue for the purpose of providing financial assistance to <br />the developers or owners set forth herein below by funding <br />permanent loans made for rehabilitation of the properties <br />set forth below: <br /> <br />Developer or Owner <br /> <br />Raymond C. Klemp <br />Keith B. Henderman <br />Arcade Bldg. Partnership <br />The Pacific Bldg., Inc. <br />Y.M.C.A. <br />Jack McCulloch <br />Dick Beem <br /> <br />Location of Project Property <br /> <br />217 N; Main <br />501 N. Main <br />515 N. Main <br />225 N. Broadway <br />205 Civic Center Drive West <br />214/216 W. Fourth <br />209/2l3, 223 W. Fourth <br />& 405/411 N. Broadway <br />116 W. Fourth <br /> <br />T. Douglas McCulloch <br /> <br />!t-Kb <br /> <br />5B <br />