HomeMy WebLinkAbout1980-121 CRA
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11/18/80
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RESOLUTION NO. 80-121
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
COMMISSION OF THE CITY OF SANTA ANA
AUTHORIZING THE CHAIRMAN OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA TO EXECUTE A REVOLVING LOAN AGREEMENT
BETWEEN THE AGENCY AND THE HORTON
BUILDING PARTNERSHIP.
BE IT RESOLVED by the Community Redevelopment
Commission of the City of Santa Ana as follows:
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1. The Chairman of the Community Redevelopment
Agency of the City of Santa Ana is hereby authorized to
execute on behalf of the Agency that certain agreement
entitled "Revolving Loan Agreement," form dated 11/18/80,
between the Agency and The Horton Building Partnership,
copies of which are on file in the office of the Executive
Director of the Agency and to which reference is hereby made
for full particulars.
2. The Executive Director is hereby authorized to
take all steps, and to sign all documents and instruments
necessary to implement and carry out the agreement on behalf
of the Agency.
ADOPTED this 25th day of
the following vote:
November
, 1980, by
AYES: MEMBERS: Coil, Hill, Jessee, Kane, Nalle
NOES: MEMBERS: None
ABSENT: MEMBERS:
ATTEST:
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D~a{1a~
EXECUTIVE DIRECTOR/
RECORDING SECRETARY
APPROVED AS TO FORM:
fI:¿ fok-
AGENCY LEGAL COUNSEL
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