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Resolution Number CRA 85-9-17-1RESOLUTION NO. CRA 85-9-17-1
ZING SALE AND DELIVERY OF CERTIFICATES
IAL
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING
THE SALE AND DELIVERY OF CERTIFICATES OF
PARTICIPATION OR BONDS IN CONNECTION WITH
THE STROCHEIN COMMERCIAL PROJECT (AREA A)
WHEREAS, the San Juan Capistrano Community
Redevelopment Agency (the "Agency"), as an inducement to Strochein
Properties(the "Developer") who will undertake the development of
a commercial retail project (the "Project") desires to authorize
the sale and delivery of certificates of Participation or bonds
in an amount sufficient to provide financing for the Project
subject to the restrictions of all applicable state and federal
laws as they presently exist but in no event more than
eight million five hundred thousand dollars ($8,500,000.00).
NOW, THEREFORE, the San Juan Capistrano Community
Redevelopment Agency does hereby resolve as follows:
Section 1.
Subject to the completion of proceedings and other
matters relating thereto, to the full satisfaction of the Agency,
the Agency hereby agrees to provide financial assistance to the
Developer for the purpose of assisting in the development of the
Project located at 32002 Del Obispo Street. The Agency reserves
the option of providing such assistance through other methods
acceptable to the Agency The total principal amount of the
proposed Bonds or Certificates shall not exceed eight million
five hundred thousand dollars ($8,500,000.00).
Section 2.
Based on the foregoing, it is understood that the
availability of such assistance is a substantial inducement to
the Developer to undertake such project in a manner desired by
the Agency.
Section 3.
The Executive Director and the staff are hereby
authorized and directed to take whatever further action relating
to the aforesaid financial assistance as deemed reasonable and
desirable in accordance with the laws of the State of California
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and within the limitations of any applicable laws of the United
State of America; provided, however, that any agreements and the
terms and conditions under which the Bonds or Certificates will
be sold and delivered must be approved by the Agency.
PASSED, APPROVED AND ADOPTED this 17th day of
September 1985
A RY L. HAUSDORFE 7 CHAIRMAN
ATTEST:
AGENCY SE ETARY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, Secretary of the San Juan
Capistrano Community Redevelopment Agency, DO HEREBY CERTIFY that
the foregoing is a true and correct copy of Resolution No. CRA
85-9-17-1 , adopted by the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency at a regular meeting
thereof held on the 17th day of September , 1985 by the
following vote:
AYES: Directors Friess, Bland, Schwartze,
Buchheim and Chairman Hausdorfer
NOES: None
ABSENT: None
(SEAL)
MARY ANN//HANOVER,
AGENCY ECRETARY
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t7
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARYANNHANOVER, being first duly sworn, deposes and
says:
That she is the duly appointed and qualified Secretary
of the San Juan Capistrano Community Redevelopment Agency;
That in compliance with State laws of the State of
California and in further compliance with Resolution No. CRA
83-12-20-1 and on the 19th day of September , 1985, she caused
to be posted:
RESOLUTION NO. CRA 85-9-17-1
being: AUTHORIZING
OF PARTI
OF CERTIFI
STROCHEIN
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING
THE SALE AND DELIVERY OF CERTIFICATES OF
PARTICIPATION OR BONDS IN CONNECTION WITH
THE STROCHEIN COMMERCIAL PROJECT (AREA A)
in three (3) public places in the City of San Juan Capistrano,
to wit: City Hall; Old Fire Station Recreation Complex; Orange
County Public Library.
MARY AN OVER, -Secretary
San JucM Capistrano Community
Redevelopment Agency
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