Resolution Number CRA 84-8-21-195
RESOLUTION NO. CRA. 84-8-21-1
PROMISSORY NOTE (FORREST DUNIVIN)
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING
THE ISSUANCE OF A NOTE (FORREST DUNIVIN)
WHEREAS, The Agency is a redevelopment agency existing
pursuant to the provisions of the Community Redevelopment Law
(California Health and Safety Code Section 33000 et seq.) which
has been authorized to transact business and exercise the powers
of a redevelopment agency pursuant to action of the City Council
of the City of San Juan Capistrano; and,
WHEREAS, the Downtown Center Redevelopment Plan (the
"Plan") of the San Juan Capistrano Community Redevelopment Agency
(the "Agency") provides for the allocation of taxes to the Agency
pursuant to Health and Safety Code Section 33670; and,
WHEREAS, the Agency is authorized pursuant to Health
and Safety Code Section 33391 to purchase real property from any
private party for any redevelopment project for redevelopment
purposes; and,
WHEREAS, Forrest Dunivin has offered to receive as part
of the payment for his interest in certain real property located
within the territorial jurisdiction of the Agency a promissory
note (the "Note") in the principal amount of four hundred
thousand dollars ($400,000) pursuant to a proposed Agreement for
Acquisition of Real Property (the "Agreement"), a copy of which
is attached hereto, marked Exhibit "A," and is incorporated
hereon by reference; and,
WHEREAS, the terms and conditions of such borrowing are
more fully set forth in the Note, a copy of which is attached
hereto, marked Exhibit "B," and is incorporated herein by
reference; and,
WHEREAS, the Agency deems it advisable at this time to
authorize the borrowing of four hundred thousand dollars
($400,000) from Forrest Dunivin on the terms set forth herein.
NOW, THEREFORE, BE IT RESOLVED by the San Juan
Capistrano Community Redevelopment Agency as follows:
SECTION 1.
The Agency hereby authorizes and approves the borrowing
from Forrest Dunivin and the issuance of the Note pursuant to all
applicable provisions of the Agreement and the Note, including
without limitation that such obligation shall constitute a
special obligation of the Agency payable only from those revenues
so designated in the Agreement.
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96 SECTION 2.
Subject to the approval of counsel to the Agency, the
Chairman, the Executive Director and the Secretary of the Agency
are hereby authorized and directed to execute and deliver any and
all documents reasonably required in connection with the issuance
of the Note approved hereby, including any minor technical
changes from the terms approved herein as may be approved by the
Chairman of the Agency, his execution of such borrowing documents
to constitute conclusive evidence of such approval.
PASSED, APPROVED AND ADOPTED this 21st day of
August 1 1984 , by the following vote, to wit:
AYES: Directors Friess, Bland, Hausdorfer,
Buchheim and Chairman Schwartze
NOES: None
ABSENT: None
i
PHILLIPA. SCHWARTZE, qHAIRMAN
ATTEST:
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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
84-8-21-1 , adopted by the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency at a regular meeting
thereof held on the 21st day of August , 1984.
(SEAL) C C✓�2�L ��
MARY A NOVER, SECRETARY
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97
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARY ANN HANOVER, 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 24th day of August , 1984 , she caused
to be posted:
RESOLUTION NO. CRA 84-8-21-1
being: PROMISSORY NOTE (FORREST DUNIVIN)
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING
THE ISSUANCE OF A NOTE (FORREST DUNIVIN)
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 ANN HANOVER, Secretary
San Juan Capistrano Community
Redevelopment Agency
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