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3/3/82
RESOLUTION NO. 82-10
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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA CONSENTING
TO THE ASSIGNMENT OF COMMERCIAL REHABILITATION
PROJECT AGREEMENTS FOR PROPERTY LOCATED AT
108 WEST FOURTH STREET
WHEREAS, Jack McCulloch and Joy R. McCulloch
entered into a "Commercial Rehabilitation Participation
Agreement" with the Community Redevelopment Agency of the
City of Santa Ana for the rehabilitation of real property
located at 108 West Fourth Street in the City of Santa Ana,
pursuant to the Major Commercial Rehabilitation Loan Program
carried on by the Agency and Wells Fargo Bank; and
WHEREAS, Jack McCulloch and Joy R. McCulloch do
now desire to convey said real property to Adolfo Lopez and
Janet C. Lopez and to assign and delegate to them all their
rights and duties pursuant to the said "Commercial
Rehabilitation Participant Agreement" and subsequent
agreements and commitments entered into pursuant to the
Program; and
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WHEREAS, Adolfo Lopez and Janet C. Lopez desire to
acquire said property and assume the rights and obligations
of Jack McCulloch and Joy R. McCulloch under said
Agreement; .
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NOW, THEREFORE, BE IT RESOLVED by the Community
Redevelopment Agency of the City of Santa Ana as follows:
1. This Agency does hereby consent to the
conveyance of the real property located at 108 West Fourth
Street from Jack McCulloch and Joy R. McCulloch to Adolfo
Lopez and Janet C. Lopez, and to the assignment and
delegation by Jack G. McCulloch and Joy R. McCulloch of all
their rights and obligations under that certain "Commercial
Rehabilitation Participation Agreement," dated August 17,
1981, on file in the office of the Executive Director of the
Agency, and under all subsequent agreements and commitments
entered into pertaining to the rehabilitation of the
abovesaid real property, including those set forth in
Exhibit A, attached hereto and incorporated herein by
reference, to Adolfo Lopez and Janet C. Lopez.
2. The Chairman of the Agency is authorized to
execute the Agency's consent to an "Assignment and
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RESOLUTION NO. 82-10
PAGE TWO
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Delegation Agreement" between Jack McCulloch and Joy R.
McCulloch as Assignor and Adolfo Lopez and Janet C. Lopez as
Assignee.
ADOPTED this 16th day of
1982, by the following vote:
March
AYES: MEMBERS: Acosta, Bricken, McGuigan,
Luxembourger
NOES: MEMBERS: None
ABSENT: MEMBERS: Griset, Markel, Serrato
ATTEST:
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Executive Director/
Recording Secretary
~=
Chairman
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APPROVED AS TO FORM:
it, L~ ~
awa~. ope
Agency Legal Counsel
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14-4-0
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