HomeMy WebLinkAbout1981-154 CRA
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JHHW:SSW:sc 12/14/81
RESOLUTION NO. 81-154
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING
EXECUTION OF A PROJECT AGREEMENT RELATING TO
T. DOUGLAS McCULLOCH AND DONNA McCULLOCH FOR
PROPERTY LOCATED AT 116 WEST FOURTH STREET
BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA, AS FOLLOWS:
1. That that certain Project Agreement dated as of December 1, 1981, by
and among this Agency, Wells Fargo Bank, National Association and T. Douglas
McCulloch and Donna McCulloch relating to the rehabilitation of properties located
at 116 West Fourth Street, be and is hereby approved and that the Chairman be and is
hereby authorized and directed to execute said Agreement and the Executive Director
be and is hereby authorized and directed to attest his signature.
2. That the issuance by the Agency of a commitment to make a loan to the
Participant in accordance with the terms and conditions of said Project Agreement
be and is hereby approved.
3. That the Collateral Assignment referenced in said Project Agreement be
and i s hereby approved and that the Cha i rman be and is hereby authori zed and
directed to execute said Collateral Assignment and the Executive Director be and is
hereby authorized and directed to attest his signature.
4. That the Chairman, Vice Chairman, Executive Director, Finance Officer
and Rehabilitation Program Coordinator of the Community Redevelopment Agency of the
City of Santa Ana be and are each hereby authorized and directed to execute and
deliver all certificates, receipts and other document necessary to consummate the
transactions contemplated by the aforesaid Project Agreement.
5. Thi s Reso 1 ut ion sha 11 take effect from and after the date of i ts
passage and adoption.
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ADOPTED, this 15th day of December, 1981, by the following vote,
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ATTEST:
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APPROVED AS TO FORM:
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