RES-ORA-0364 Certificate of Adoption Orange County Bankruptcy DistributionRESOLUTION NO. ORA-
0364
A RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVING FINAL
ORANGE COUNTY BANKRUPTCY DISTRIBUTION AND
AUTHORIZING DESIGNATED PERSONNEL TO RECEIVE
FUNDS. (CERTIFICATE OF ADOPTION)
WHEREAS, the undersigned is the duly appointed or elected Chairman of the
Orange Redevelopment Agency (the "Option A Pool Participant"). At a duly held meeting
of Orange Redevelopment Agency held on February 8, 2000, the following resolutions
were adopted.
WHEREAS, the Orange Redevelopment Agency is an Option A Pool Participant,
as that term is defined in the Second Amended Plan of Adjustment ("Plan") for the County
of Orange ("Orange"); and
WHEREAS, the Representative, as that term is used in the Plan, has served a
Notice of Motion of the Representative for Representative for Order Approving (1)
Distribution of Net Litigation Proceeds; (2) Distribution in Respect of Assigned Excluded
Claims; (3) The Representative's Fee; (4) Certain Other Actions of the Representative's
final Report ("Final Report Motion"); and
WHEREAS, the Pool Committee and the County have served a Notice of Motion
and Joint Motion for Order Approving Compromise Regarding Additional Funds and
Reclassification of Claims ("Additional Funds Motion"), which motion describes the
proposed division of certain "Additional Funds"; and
WHEREAS, the Orange Redevelopment Agency is entitled to a distribution of Net
Litigation Proceeds, Additional Funds and other funds as described in the Final Report
Motion and the Additional Funds Motion.
NOW,
THEREFORE, BE IT RESOLVED by the Board of Directors of the Orange
Redevelopment Agency that Helen Bell, Finance Director, or Jeanne Arehart,Assistant
Finance Director, is hereby designated to receive all distributions made pursuant to (
i) the Final Report Motion or any order of the Bankruptcy Court relating thereto; and/or ii)
the Additional Funds Motion or any order of the Bankruptcy Court relating thereto.
BE IT FURTHER RESOLVED that all distributions to which the Orange
Redevelopment Agency is entitled under or pursuant to the Final Report Motion and/or the
Additional Funds Motion should be delivered to Helen Bell, Finance Director, or Jeanne
Arehart, Assistant Finance Director.BE
IT FURTHER RESOLVED that the form of the Release and Settlement Agreement
which is attached to the Additional Funds Motion be and hereby is approved,and
that Chairman, Joanne Coontz and Helen Bell, respectively be and hereby are authorized
and directed to execute and deliver the Release and Settlement Agreement on beha1lf
of the Orange Redevelopment Agency..ADOPTED
the 8th day of February, 2000.I
AT'
I'EST:L/I
hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange
Redevelopment Agency at a regular meeting thereof held on the 8th day of Febmary ,
2000, by the following vote:AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS:
DIRECTORS:
DIRECTORS:
DIRECTORS:
MURPHY,
SLATER, COONTZ, SPURGEON, ALVAREZ NONE
NONE
NONE
Reso.
No.ORA-0364 2 DAD:ajj