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<br />REL:adg <br />8/7/81 <br /> <br />Ii <br /> <br />~CORDING REQUESTED BY: <br /> <br />The Community Redevelopment Agency <br />of the City of Santa Ana <br /> <br />WHEN RECORDED, MAIL TO: <br /> <br />8 <br /> <br />Community Redevelopment Agency <br />of the City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br /> <br />RESOLUTION NO. 81-76 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA AUTHORIZING <br />THE CHAIRMAN TO EXECUTE A COMMERCIAL REHA- <br />BILITATION AGREEMENT BETWEEN THE AGENCY AND <br />OTIS BUILDING PARTNERSHIP II <br />FOR PROPERTY LOCATED AT 101/103 W. FOURTH <br />AND PROVIDING FOR THE EXEMPTION OF SAID <br />PROPERTY FROM ACQUISITION BY THE AGENCY BY <br />EMINENT DOMAIN UPON CERTAIN CONDITIONS <br /> <br />, <br /> <br />BE IT RESOLVED by the Community Redevelopment <br />Agency of the City of Santa Ana as follows: <br /> <br />1. The Chairman of the Agency is hereby <br />authorized to execute on behalf of the Agency that certain <br />agreement entitled .Commercial Rehabilitation Participation <br />Agreement, (101/103 W. Fourth),. form dated 3/25/81, between <br />the Agency and Otis Building Partnership II, copies of which <br />are on file in the office of the Executive Director of the <br />Agency and to which reference is hereby made for full <br />particulars, which Agreement pertains to property <br />(hereinafter referred to as the .subject property") <br />specifically described in Exhibit A, attached hereto and <br />incorporated herein by referen~e. <br /> <br />2. The Executive Director is hereby authorized <br />to take all steps, and to sign all documents and instruments <br />necessary to implement and carry out this Agreement on <br />behalf of the Agency. <br /> <br />. <br /> <br />fl-~ <br /> <br />5A <br />