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<br />RESOLUTION NO. 81-40 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE <br />OF RESIDENTIAL MORTGAGE REVENUE BONDS, ISSUE OF 1981, SERIES A <br />(PARTICIPATION PURCHASE AND LOAN TO LENDER PROGRAM) <br /> <br />WHEREAS, the Legislature of the State of Calif.ornia has authorized <br />redevelopment agencies to make l.ong-term, low interest loans thr.ough qualified <br />m.ortgage lenders and to make loans to lenders to finance residential <br />constructi.on in redevelopment project areas in .order to encourage investment <br />in and upgrading of such areas, and to issue bonds for the purp.ose of making <br />such loans; and <br /> <br />WHEREAS, all acts, conditions and things required by law to exist, <br />happen and be performed precedent to and in c.onnecti.on with the issuance .of <br />such revenue bonds exist, have happened and have been perf.ormed in regular and <br />due time, fonn and manner as required by law, and this Agency is now duly <br />empowered to issue such revenue bonds, <br /> <br />NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br />