HomeMy WebLinkAbout2000-02 CRA
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RESOLUTION NO. 2000-02
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA APPROVING A
DISTRIBUTION OF NET LmGATION
PROCEEDS, ADDmONAL FUNDS AND
OTHER FUNDS RELATED TO THE ORANGE
COUNTY BANKRUPTCY.
WHEREAS, Community Redevelopment Agency of the City of Santa Ana (the
"Agency") is an Option A Pool Participant, as that term is defined in the Second
Amended Plan of Adjustment ("Plan") for the County of Orange ("County"); and,
WHEREAS, the Representative, as that term is used in the Plan, has served a
Notice of Motion and Motion of the Representative for Order Approving (1) Distribution
of Net Litigation Proceeds; (2) Distribution in Respect of Assigned Excluded Clsims;
(3) The Representative's Fee; (4) Certain Other Actions of the Representative; and (5)
The Representative's Final Report ("Final Report Motion"); and,
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WHEREAS, the Pool Committee and the County have served a Notice of Motion
and Joint Motion for Order Approving Compromise Regarding Additional Funds and
Reclassification ofClsims ("Additional Funds Motion"), which motion describes the
proposed division of certain "Additional Funds"; and,
WHEREAS, the Agency is entitled to a distribution of Net Litigation Proceeds,
Additional Funds and other funds as described in the Final Report Motion and the
Additional Funds Motion.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. Rod Coloma, the City of Santa Ana Finance & Management Services Agency
Executive Director, is hereby designated to receive all distributions made pursuant to (i)
the Final Report Motion or any order of the Bankruptcy Court relating thereto; and/or (ii)
the Additional Funds Motion or any order of the Bankruptcy Court relating thereto.
2. All distributions to which the Agency is entitled under or pursuant to the Final
Report Motion and/or the Additional Funds Motion should be delivered to Rod Coloma,
the City of Santa Ana Finance & Management Services Agency, Executive Director.
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3. The fonn of the Release and Settlement Agreement which is attached to the
Additional Funds Motion be and hereby is approved, the Chairman of the Agency is
hereby authorized to execute it on behalf of the Agency, with such non-substantive changes
as may be approved by Agency Counsel.
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ADOPTED this..11!l..- day of Februarv.2ooo.
AYES:
NOES:
ABSENT:
ATTEST:
MEMBERS: Bist, Christy, Franklin, Lutz, McGuigan, Moreno,
Pulido
MEMBERS: None
MEMBERS: None
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CynthiaJ. Nelson,
Executive Director/Recording Secretary
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Agency Resolution No. 2000-02
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