ARA1982-008RESOLUTION NO. ARA82 -8
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTION OF A
CERTIFICATE RE CITY- AGENCY PARKING AGREEMENT,
A PARTICIPATION AGREEMENT ESTOPPEL CERTIFICATE,
AND OTHER ACTS AND DOCUMENTS
WHEREAS, the Anaheim Redevelopment Agency, a public
body, corporate and politic (the "Agency "), has issued its
Commercial Development Revenue Note (One Ninety -Eight
Associates Project), Series 1981, in the principal amount of
$2,800,000, pursuant to Resolution No. ARA 80 -46, adopted
December 16, 1980, for the purpose of financing a Project; and
WHEREAS, the Project financed by the Note is more
specifically described in a Participation Agreement by and
between the Agency and Dan W. Heil and William C. Stookey, a
California partnership, dated July 3, 1979 (the "Participation
Agreement "); and
WHEREAS, parking for the Project is provided for
pursuant to a City- Agency Parking Agreement by and between the
Agency and the City of Anaheim, a municipal corporation, dated
July 3, 1979 (the "Parking Agreement "); and
WHEREAS, the Project has been completed and the Note
is proposed to be sold by Union Bank, the construction lender,
to The Guardian Life Insurance Company of New York, a New York
corporation, pursuant to a Buy and Bell Agreement among Union
Bank, The Guardian Life Insurance Company of America, and One
Ninety -Eight Associates, a California partnership, formerly
known as Dan W. Heil and William C. Stookey, a California
partnership, dated January 22, 1981.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency, as follows:
1. In connection with sale of the Note by Union Bank to
the Guardian Life Insurance Company of America, the Chairman and
the Executive Director of the Agency are authorized to execute
and deliver, and the Secretary to attest thereto, a Participa-
tion Agreement Estoppel Certificate and a Certificate re City -
Agency Parking Agreement, in substantially the forms presented
to this meeting or with such changes as they may approve, their
execution to constitute conclusive evidence of their approval
of all changes from the forms presented to this meeting, which
forms, as they each may be so changed, being hereby approved in
all respects.
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2. The Agency's proper officers, agents and employees
are authorized to do all acts, and to execute and deliver
documents, contemplated by any of the agreements authorized by
said Resolution No. ARA 80 -46, and any and all other documents
necessary or desirable in connection with said sale of the Note.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this day of
ATTEST: LINDA D. ROBERTS, SECRETARY
1 2- �
ACTING SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
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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. ARA82 -8 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 23rd day of February, 1982, 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 23rd day of February, 1982.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 23rd day of
February, 1982.
LINDA D. ROBERTS, SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENG
ACTING SECRETARY
(SEAL)