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AHA-1987-013RESOLUTION NO. AHA87 -13 A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY AUTHORIZING THE EXECUTION OF DOCUMENTS TO IMPLEMENT DISPOSITION AND DEVELOPMENT AGREEMENT WITH CHEVY CHASE ANAHEIM PARTNERS AND TO CLOSE ESCROWS AND ACQUIRE REAL PROPERTY. WHEREAS, the Anaheim Housing Authority (Authority) is empowered by state law to engage in activities to provide safe, adequate and affordable housing opportunities for the citizens of the City of Anaheim including the acquisition and disposition of real property by eminent domain and otherwise; and WHEREAS, pursuant to this power, on July 21, 1987, the Authority entered into a Land Disposition and Development Agreement (DDA) with Chevy Chase Anaheim Partners doing business as Park Vista Apartments for acquisition, construction and rehabilitation of approximately 392 apartment units on 94 parcels within the Chevy Chase neighborhood in the City of Anaheim; and WHEREAS, under DDA the Authority made offers to purchase and then re -sell a number of the parcels and to cause to be executed on behalf of the Authority various documents including, but not limited to, offer letters, escrow instruction and grant deeds; and WHEREAS, pursuant to contingent offers made by the Authority, a number of same were accepted and escrows were opened which escrows Authority and sellers now wish to complete in light of extinguishment of the contingencies set forth in the offers; and WHEREAS, under the DDA the Authority also agreed to commence condemnation proceedings on any parcels within the project area which Authority is not able to purchase through negotiated sales; and WHEREAS, the Authority desires that execution of documents referenced by this resolution be carried out by the Executive Director and the Assistant Executive Director of the Authority, so as to close the escrows and to determine the number of parcels on which condemnation proceedings must be commenced by delivery of final offers. NOW, THEREFORE, BE IT RESOLVED by the Anaheim Housing . Authority that the Executive Director and the Assistant Executive Director are hereby authorized to take all steps and sign all documents and instruments (including but not limited to: grant deeds; escrow instructions; and offer letters) necessary to implement and carry out the DDA on behalf of the Authority. BE IT FURTHER RESOLVED by the Anaheim Housing Authority that all offers heretofore made were made by or on behalf of the Authority with the understanding and intent that if they were not accepted, the Authority would have commenced condemnation proceedings to acquire said properties pursuant to and under the terms of the DDA. THE FOREGOING RESOLUTION Anaheim Housing Authority this, 8th is approved and adopted by the day of Sept belt, 1987. 2 CHAIRMAN ANAHEIM HOUSING AUTHORIT ATTEST: SECRETARY ANAHEIM HOUSING AUTHORITY JWF :fm 1955L 083187 -2- STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF ANAHEIM ) I, LEONORA N. SOHL, Secretary of the Anaheim Housing Authority, do hereby certify that the foregoing Resolution No. AHA87 -13 was passed and adopted at a regular meeting of the Anaheim Housing Authority held on the 8th day of September, 1987, by the following vote of the members thereof: AYES: AUTHORITY MEMBERS: Ehrle, Hunter, Pickler, Kaywood and Bay NOES: AUTHORITY MEMBERS: None ABSENT: AUTHORITY MEMBERS: None AND I FURTHER CERTIFY that the Chairman of the Anaheim Housing Authority signed said Resolution on the 8th day of September, 1987. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 8th day of September, 1987. SECRETARY OF THE ANAHEIM HOUSI -- AUTHORITY (SEAL)