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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 -1- 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 -2- 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 -3-