HomeMy WebLinkAbout1981-163 CRA
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RESOLUTION NO. 81-163
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA APPROVING AND AUTHDRIZING
EXECUTION OF A PROJECT AGREEMENT RELATING TO
RONALD A. BEEM FOR PROPERTY LOCATED AT FOURTH
AND BROADWAY
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 Ronald A. Beem
relating to the rehabilitation of properties located at Fourth and Broadway 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 Chai 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. This Resolution shall take effect from and after the date of its
passage and adoption.
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ADOPTED, this 15th day of December, 1981, by the following vote:
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AYES, MEMBERS: &/"k'~
NOES, MEMBERS: d~..{"/
ABSENT, MEMBERS: y,."e
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Exe ut, Hector
APPROVED AS TO FORM:
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City Atto ney
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