1981-586RESOLUTION NO. 81R -586
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM CONSENTING TO ASSIGNMENT
OF PARKING LEASE.
WHEREAS, the City of Anaheim is authorized to
lease certain automobile parking spaces to URO Investments,
a California partnership, pursuant to a certain Parking
Lease between the City and said URO Investments the form of
which is attached as Attachment No. 5 to, the Disposition and
Development Agreement between the Anaheim Redevelopment Agency
and said URO Investments dated November 24, 1981, relating to
the acquisition by said URO Investments from said Agency of an
office building; and
WHEREAS, the said automobile parking spaces are to
be leased for use in conjunction with the office building to
be acquired pursuant to said Disposition and Development
Agreement; and
WHEREAS, the said office building is to be rehabili-
tated by said URO Investments by means of financing provided
by said Agency pursuant to a Project Agreement, inclusive of a
Construction Deed of Trust and Assignment of Rents, authorized
by resolution of said Agency adopted the same date as this
resolution, rights and remedies under which are to be assigned
by said Agency to the purchaser of notes of said Agency issued
pursuant to a Bank Loan Agreement also authorized by said
resolution, the proceeds of which notes are to be used to
finance said rehabilitation; and
WHEREAS, said Project Agreement contemplates that
the interest of URO Investments in said Parking Lease will be
assigned to said Agency as security for the financing provided
by said Agency under the Project Agreement, for assigment by
said Agency to the purchaser of said notes.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the City consents to the mortgage,
pledge, assignment or transfer by said URO Investments of the
interest of said URO Investments in the Parking Lease, pursuant
to said Project Agreement and assignment.
BE IT FURTHER RESOLVED that the Chairman is authorized
to execute and the Secretary to attest thereto and affix the
seal of the City, and to deliver any instruments or documents
evidencing the consent of the City to any such mortgage, pledge,
assignment or transfer.
THE FOREGOING RESOLUTION is approved and adopted by
the City Council of the City of Anaheim this 29th day of
December, 1981.
ATTEST:
IT CLERK OF THE
WMAM:GAL:FAL:jh
OF ANAHEIM
/MAY R OF THE C Y OF ANAHEIM
SATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
AYES: COUNCIL MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Resolution No. 81R -586 on the 29th day of December, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 29th day of December, 1981.
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 81R -586 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 29th day of December, 1981, by the following vote of the members thereof:
(SEAL)
CITY ERK OF THE CITY 0 ANAHEIM
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 81R -586 duly passed and adopted
by the Anaheim City Council on December 29, 1981.