RES-ORA-0436 Commercial Rehabilitation Loan Program Approval for Redevelopment Project AreaRESOLUTION NO. ORA-
0436 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
A COMMERCIAL REHABILITATION
LOAN PROGRAM FOR THE ORANGE MERGED
AND AMENDED REDEVELOPMENT PROJECT
AREA WHEREAS, the Orange Redevelopment Agency, a public body, corporate and
politic the Agency), has been duly created, established and authorized to transact business
and exercise its powers under and pursuant to the Community Redevelopment Law of the State
of California (commencing with Section 33000 of the Health and Safety Code of the State
of California);
and WHEREAS, the Agency has adopted an Amended and Restated Redevelopment
Plan for the Orange Merged and Amended Redevelopment Project Area (Project Area) und
is authorized to carry out the redevelopment of the Proj ect Area;
and WHEREAS, the Agency is authorized to adopt a Commercial Rehabilitation
Loan Program, under which it may loan funds to owners or tenants for the purpose of
rehabilitating commercial buildings or structures within the Project Area;
and WHEREAS, the governing board of the Agency has duly considered all of the
terms and conditions of a proposed Commercial Rehabilitation Loan Program as set forth in
the agenda report presented to it and any testimony received at the meeting at which this
matter was considered and believes that the activities described therein are in the best interests of
the City of Orange and the health, safety, morals and welfare of its residents, and in accord with
the public purposes and provisions of applicable State and local law requirements, and that
such activities promote the objectives of the California Community Redevelopment Law as well
as the Amended and Restated Redevelopment Plan for the Project
Area.NOW, THEREFORE, the Orange Redevelopment Agency resolves, on the basis of
the facts set forth in the agenda report presented to it and any testimony received at the meeting
at which this matter was considered, as
follows:Section 1. The proposed Commercial Rehabilitation Loan Program will be of benefit
to the Orange Merged and Amended Redevelopment Project Area and is in the vital and
best interests of the City of Orange and the health, safety and welfare of its residents, and in
accord with the public purposes and provisions of applicable federal, state and local laws
and
requirements.Section 2. The Agency approves the Commercial Rehabilitation Loan Program
in accordance with the terms and provisions set forth in the agenda report presented to the
Agency and any testimony received at the meeting at which this matter was considered and
hereby authorizes and directs the Executive Director of the Agency or desigm,e to take all steps
sign all documents necessary and appropriate to carry out the Commercial Rehabilitation Loan
Program on behalf of the Agency.
ADOPTED this 28th day of September, 2004.
ATTEST:
c~
Mary E. rp, Clerk
I, MARY E. MURPHY, Clerk of the Orange Redevelopment Agency, Orange,
California do hereby certify that the foregoing Resolution was duly and regularly adopted by
the Orange Redevelopment Agency at a regular meeting thereof held on the 28th day of
September, 2004, by the folIowing vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: Ambriz, Murphy, Coontz, Cavecche
DIRECTORS: None
DIRECTORS: Alvarez
DIRECTORS: None
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