ARA1981-040RESOLUTION NO. ARA -40
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
CONSENTING TO ASSIGNMENT OF PARKING LEASE
WHEREAS, the Anaheim Redevelopment Agency is
authorized to lease certain automobile parking spaces to URO
Investments, a California partnership, pursuant to a certain
Parking Lease between the Agency and said URO Investments, the
form of which is attached as Attachment No. 7 to the Disposition
and Development Agreement between the Agency and said URO
Investments dated November 24, 1981, relating to the acquisition
by said URO Investments from the 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 rehabilita-
ted by said URO Investments by means of financing provided by
Agency pursuant to a Project Agreement, inclusive of a Construc-
tion Deed of Trust and Assignment of Rents, authorized by
resolution of this Agency adopted the same date as this resolu-
tion, rights and remedies under which are to be assigned by the
Agency to the purchaser of notes of the 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 the Agency, as security for the financing provided
by Agency under the Project Agreement, for assignment by the
Agency to the purchaser of said notes.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency, that it 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 Agency, and to deliver any instruments or documents
evidencing the consent of the Agency to any such mortgage, pledge,
assignment or transfer.
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THE FOREGOING RESOLUTION is approved and adopted
by the Anaheim Redevelopment Agency this 29th day of
December, 1981.
ATTEST:
SECRETARY`,--
ANAHEIM REDEVELOPMENT AGENCY
WMAM:GAL:FAL:jh
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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. ARA81 -40 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 December, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 29th day of
December, 1981..
SECRETARY OF THE ANAHEIM EDEVELOPMENT AGENCY
(SEAL)