HomeMy WebLinkAbout2005-004 CRA
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RESOLUTION NO. CRA 2005- 004
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA AUTHORIZING AND DIRECTING THE
EXECUTION AND DELIVERY OF A REIMBURSEMENT AGREEMENT
IN CONNECTION WITH CERTAIN FINANCING PROCEEDINGS OF THE
CITY OF SANTA ANA, AND APPROVING RELATED DOCUMENTS AND
OFFICIAL ACTIONS
BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF SANTA ANA AS FOllOWS:
Section 1. The Community Redevelopment Agency of the City of Santa Ana (the
"Agency") hereby finds, determines and declares as follows:
A. The City of Santa Ana (the "City"), working together with the Santa Ana
Financing Authority (the "Authority"), is proposing to proceed with a lease
financing;
B.
The City proposes to finance the costs of the construction of a parking
structure on City-owned property located adjacent to the proposed State
Appellate Court Building in Santa Ana, California (the "Improvements");
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C. For the purpose of obtaining the moneys required for such purposes, the
City proposes to lease certain real property and the Improvements to be
constructed thereon (collectively, the "Property"), to the Authority and to
lease the Property back from the Authority under a lease agreement (the
"lease Agreement"), the payments under which will be assigned to one or
more purchasers to be determined; and
D. The documents below specified have been filed with the Agency and the
members of the Agency, with the aid of its staff, have reviewed said
documents;
Section 2. The Agency hereby approves a reimbursement agreement, by and
between the City and the Agency, pursuant to which the Agency will agree to reimburse
the City, from tax increment revenues allocated to the Agency's Central City
Redevelopment Project, for the payments to be made by the City under the lease
Agreement, in substantially the form on file with the Secretary, together with any
changes therein or additions thereto deemed advisable by the Chairperson, the
Executive Director or the Treasurer, whose execution thereof shall be conclusive
evidence of the approval of any such changes or additions. The Chairperson, the
Executive Director or the Treasurer is hereby authorized and directed for and in the
name and on behalf of the Agency to execute, and the Secretary is hereby authorized
and directed to attest to, the final form of the foregoing document.
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Resolution No. eRA 2005-004
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Section 3. The Chairperson, the Executive Director, the Treasurer, the Secretary
and all other officers of the Agency are each authorized and directed in the name and
on behalf of the Agency to make any and all assignments, certificates, requisitions,
agreements, notices, consents, instruments of conveyance, warrants and other
documents, which they or any of them might deem necessary or appropriate in order to
consummate any of the transactions contemplated by the documents approved
pursuant to this Resolution. Whenever in this Resolution any officer of the Agency is
authorized to execute or countersign any document or take any action, such execution,
countersigning or action may be taken on behalf of such officer by any person
designated by such officer to act on his or her behalf in the case such officer shall be
absent or unavailable.
Section 4. This Resolution shall take effect immediately upon its adoption by the
Agency, and the Secretary of the Agency shall attest to and verify the vote adopting this
Resolution.
ADOPTED this 20th day of June, 2005.
APPROVED AS TO FORM:
Joseph W. Fletcher, Agency Counsel
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AYES:
Boardmembers: Alvarez, Bustamante, Bis!, Christv. Garcia,
Pulido, Solorio (7)
NOES:
ABSTAIN:
Boardmembers: None (0)
Boardmembers: None (0)
NOT PRESENT: Boardmembers:
None (0)
Resolution No. eRA 2005-004
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CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Secretary of the Authority, do hereby attest to and certify
the attached Resolution No. 2005-004 to be the original a resolution duly adopted by
the Santa Ana Financing A:ority on the 20th~f!~.~; 2OOS." ~ ."
Date: ? 42</0" < JJ/LL.c~ ,---<,,_L~/
/ / Recording Secretary, '
Community Redevelopment Agency
City of Santa Ana
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Resolution No. eRA 2005-004
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