HomeMy WebLinkAbout1980-098 CRA
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8/8/80
RESOLUTION NO. 80-98
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA APPROVING
THE ASSIGNMENT BY DUMEX CORPORATION OF ITS
INTERESTS IN A PARTICIPATION AGREEMENT WITH
THE AGENCY TO CIVIC CENTER PLAZA COMPANY
WHEREAS, the Community Redevelopment Agency of the
City of Santa Ana entered into a "Participation Agreement,"
on March 28, 1978, with Dumex Corporation, which agreement
was amended by an "Amendment to participation Agreement,"
dated April l6, 1979;
WHEREAS, the said agreement requires the prior
written approval of the Agency for the assignment of the
said participation Agreement; and
WHEREAS, Dumex Corporation now desires to assign
all its right, title and interest in and to the said
Participation Agreement, as amended, to civic Center Plaza
Company, a limited partnership consisting of Dumex
Corporation as general partner and Dwight G. Vedder Company,
and James and Gail Ostendorf as limited partners, and the
Agency has no objection to such assignment.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS:
1. The assignment by Dumex Corporation of its
right, title and interest in and to the abovesaid
Participation Agreement to Civic Center Plaza Company is
hereby approved.
2. The Chairman is authorized to sign a consent
to such assignment on behalf of the Agency.
ADOPTED this 18 th
1980, by the following vote:
day of
Auqus t
AYES: MEMBERS:
NOES: MEMBERS:
ABSENT: MEMBERS:
Griset, Luxembourger, Serrato,
Ward, Yamamo to
Markel
ATTEST:
&'~N'U<J~
~9t.~
EXECUTIVE DIRECTOR/
RECORDING SECRETARY
APPROVED AS TO FORM:
~.e ~~
DWARD J. COO R
~ AGENCY LEGAL COUNS L
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