ARA1981-039RESOLUTION NO. ARA81 -39
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
AUTHORIZING INSTALLMENT SALE FINANCING FOR THE
PURPOSE OF PROVIDING FOR THE CONSTRUCTION, DEVELOP -
MENT AND FINANCING OF CERTAIN OFFICE AND PROFESSIONAL
BUILDINGS AND RELATED FACILITIES BY ANAHEIM CHAMBER
OF COMMERCE BUILDING CORPORATION, INC.
RESOLVED, by the Anaheim Redevelopment Agency, as follows:
WHEREAS, for the purposes of redevelopment, the Agency is
authorized by Health and Safety Code Sections 33341 and 33430 to
acquire, purchase and lease, and to sell, lease and dispose of real
and personal property; and
WHEREAS, Anaheim Chamber of Commerce Building Corporation,
Inc. (the "Developer ") has requested Agency to enter into an In-
stallment Sale financing agreement for the purpose of providing
financing for certain office and professional buildings and related
facilities within the redevelopment project area of the Agency and
the Agency for the purposes of redevelopment, wishes to induce the
Developer to locate said facilities in the redevelopment project
area; and
WHEREAS, it is in the public interest, for public benefit
and in furtherance of the redevelopment and public purposes of the
Agency that the Agency authorize said Installment Sale financing
for the aforesaid purposes;
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND ORDERED
AS FOLLOWS:
1. The Anaheim Redevelopment Agency hereby authorizes the
entering into of an Installment Sale Agreement with a seller to be
designated in a principal amount of not to exceed Eight Million
Dollars ($8,000,000) for the purpose of providing financing to the
Developer for the construction and development of office and pro-
fessional buildings and related facilities (the "Project ") to be
located at the southeast corner of Anaheim Boulevard and "Old"
Lincoln Avenue in the City of Anaheim.
2. The entering into of said Installment Sale Agreement
shall be upon such terms and conditions as may be mutually agreed
upon by the Agency, the Developer, and the Seller, and shall be
subject to completion of proceedings for the entering into of said
agreement by the Agency.
-1-
3. The not to exceed $8,000,000 principal amount of said
Installment Sale Agreement shall include such related and necessary
-- issuance expenses, administrative costs, reserves and capitalized
interest payments as may be required to accomplish successfully the
financing.
4. The Agency hereby finds that the Installment Sale Agree-
ment as more particularly described herein is a substantial induce-
ment to the Developer to construct the Project and that said Project
shall further the redevelopment and public purposes of this Agency.
THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency the 29th day of December , 1981.
ATTEST:
•
SECRET
ANAHEIM REDEVELOPMENT AGENCY
IWM
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Anaheim Redevelopment Agency, do
hereby certify that the foregoing Resolution No. ARA81 -39 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 29th day of December, 1981, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment
Agency signed said Resolution on the 29th day of December, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 29th day of
December, 1981.
SECRETAR"f OF THE ANAH IM AF AGENCY
(SEAL)