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ARA1979-058RESOLUTION NO. ARA79 -58 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE TERMS AND CONDITIONS OF AN AGREEMENT WITH THE CITY OF ANAHEIM AND AUTHORIZING AND DIRECTING THE CHAIRMAN AND SECRETARY TO EXECUTE SAID AGREEMENT. WHEREAS, the Anaheim Redevelopment Agency is charged with the redevelopment of Redevelopment Project Alpha; and WHEREAS, the Anaheim Redevelopment Agency is performing a public function of the City in causing the elimination of blight from said Project area; and WHEREAS, the Anaheim Redevelopment Agency is authorized to borrow monies for public entities for redevelopment purposes; and WHEREAS, an agreement, entitled "Loan Agreement" (hereinafter "Agreement ") has been prepared whereby the City does loan and the Anaheim Redevelopment Agency does borrow $3,000,000.00; and WHEREAS, the terms and conditions of Agreement are acceptable to the Anaheim Redevelopment Agency. NOW, THEREFORE, BE IT RESOLVED that the Chairman and Secretary be, and they are hereby authorized and directed to execute said Agreement on behalf of the Anaheim Redevel- opment Agency. by the 1979. ATTEST: THE FOREGOING RESOLUTION is approved and adopted Anaheim Redevelopment Agency this 5th day of June, SECRETARY ANAHEIM REDEVELOPMENT AGENCY MES:jh STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF ANAHEIM ) I, LINDA D. ROBERTS, Secretary of the Anaheim Redevelopment Agency, do hereby certify that the for Resolution No. ARA79 -58 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 5th day of June, 1979, 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 5th day of June, 1979. IN WITNESS WHEREOF, I have hereunto set my hand and seal -this 5th day of June, 1979. SECIMMY OF THE ANAHE 1 REDEVELOPMENT AGENCY (SEAL) ao4oaala aousuTa ao3091irr' 3axrr