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<br />. <br />. <br /> <br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 81-140 <br /> <br />A RESOLUTION OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />$1,000,000 PRINCIPAL AMOUNT OF COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA <br />SECURED PROMISSORY NOTE <br />(Phillips Block) <br /> <br />WHEREAS, the Conmunity Redevelopment Agency of the City of Santa Ana <br />(the "Agency") is a redevelopment agency functioning pursuant to Part 1 <br />(conmencing with Section 33000) of Division 24 of the Health and Safety C.ode <br />of the State of California and as such constitutes a local agency within <br />Section 37602(g) of the Marks Historical Rehabilitati.on Act of 1976, as <br />amended (the "Act"); <br /> <br />WHEREAS, pursuant to its Reso lution No. 81-124, ad.opted Noverrber 2, <br />1981, the Agency, with the consent .of the City of Santa Ana (the "City") <br />ad.opted by reference the historical rehabilitation program established by the <br />City under the Act; <br /> <br />WHEREAS, pursuant to the Act, the Agency has determined to issue its <br />Secured Promissory Note t.o aid in the financing of the rehabilitation of <br />historical properties l.ocated 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 to and in connection with the issuance of the Note do <br />exist, have happened and have been performed in due time, f.orm and manner as <br />required by law, and the Agency is now duly empowered, pursuant to 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 />