HomeMy WebLinkAbout1981-155 CRA
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JHHW:SSW:sc 12/14/81
RESOLUTION NO. 81-155
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING
EXECUTION OF A PROJECT AGREEMENT RELATING TO
CARL WOOD, MOZELLE WOOD ,'ROBERT HUMMELL AND
LORAINE HUMMEL FOR PROPEijTY LOCATED AT 118/120
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 Carl Wood,
Mozelle Wood, Robert Hummel and Loraine Hummel relating to the rehabilitation of
properties located at 118/120 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 is hereby approved and that the Chairman 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 followin9 vote:
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Executive Director
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APPROVED AS TO FORM:
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