ARA1981-017RESOLUTION NO. ARA81- 17
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE OF BONDS
FOR THE PURPOSE OF PROVIDING FINANCING FOR
COMMERCIAL STRUCTURES TO BE DEVELOPED BY
LEWIS AND MARION FREEDMAN.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency ")
is authorized by Chapter 8 (commencing with Section 33750) of
Part 1, Division 24 of the California Health and Safety Code (the
"Act ") to issue and sell its bonds for the purpose of providing
construction and permanent financing for the construction of a
retail center consisting of commercial stores and offices and
related parking and auxiliary facilities located within a redevel-
opment project area of the Agency; and
WHEREAS, Lewis and Marion Freedman (the Developers ")
have requested the Agency to issue and sell its bonds for the pur-
pose of providing financing for certain commercial facilities to
be constructed and developed by the Developers within a redevelop-
ment project area of the Agency and the Agency wishes to induce
the Developers to construct and develop said commercial facilities
in said area; and
WHEREAS, it is in the public interest, for public benefit
and in furtherance of the public purposes of the Agency that the
Agency authorize bonds for the aforesaid purposes.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND
ORDERED as follows:
1. The Anaheim Redevelopment Agency hereby authorizes the
issuance and sale of bonds of the Agency pursuant to the Act in a
principal amount of not to exceed Four Million Dollars ($4,000,000)
for the purpose of providing financing to the Developers for the
acquisition, construction and development of a retail center con-
sisting of commercial stores and offices and related parking and
auxiliary facilities (the "Project ") to be located at the northeast
corner of Anaheim Boulevard and Lincoln Avenue in the City of
Anaheim.
2. The issuance and sale of said bonds shall be upon such
terms and conditions as may be mutually agreed upon by the Agency,
the Developers and the purchaser of said bonds and shall be subject
to completion of proceedings for issuance, sale and delivery by the
Agency.
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3. The proceeds of the bonds referred to in Paragraph 1
shall include such related and necessary issuance expenses, adminis-
trative costs, debt service reserves and interest payments as may be
required to accomplish successfully the financing.
4. The Agency hereby finds that the issuance of the bonds as
more particularly described herein is a substantial inducement to
the Developers to construct the Project and said Project will fur-
ther the public purposes of this Agency.
THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency this 39th day of June, 1981.
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
MES : fm
MENT AGENCY
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, SecretEry cf the Anaheim Redevelopment Agency, do
hereby certify that the foregol.ng Resolution No. ARA81 -17 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 30th day of June, 1981, by the fo?- lowing vote of the members thereof:
AYFS: AGENCY MEMBERS: Overholt, Raywood, 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 30th day of June, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 30th day of
June, 1981.
SECRET Y OF THE ANAH LM RNOEVELCIPMENT AGENCY
(SEAL)