HomeMy WebLinkAboutRedevelopment Agency - 172 RESOLUTION NO,. 172
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH APPROVING THE FINANCING LENDER FOR
THE ROBERT MAYER CORPORATION (WATERFRONT PROJECT)
WHEREAS, the Redevelopment Agency of the City of Huntington
Beach has approved the Disposition and Development Agreement with
Robert L. Mayer, Trustee of the Robert L. Mayer Trust of 1982,
dated June 22, 1982, (hereinafter "Mayer") , as amended on August
15, 1988, for the Waterfront project; and
Section 204 of the Disposition and Development Agreement
requires the Redevelopment Agency to approve the financing lender
for the Waterfront project; and
Mayer has selected The Dai-Ichi Kangyo Bank, Ltd. , as their
financing lender; and
The Redevelopment Agency has conducted the necessary review
of said financing lender; and
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency
of the City of Huntington Beach that it hereby approves the
Dai-Ichi Kangyo Bank, Ltd. , as the financing lender for the
Waterfront Hilton Hotel located upon Tract 13045 in the City of
Huntington Beach, and consents to a deed or deeds of trust
evidencing such financing and encumbering the leasehold estate in
the property held by Mayer or his successors and assigns .
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1.72
REDEVELOPMENT AGENCY OF THE
CITY O HUNTINGTON BEACH
Chairman
ATTEST: APPROVED AS TO FORM:
Agency Clerk Agency Coun 1
ITIA D AND APPROVE : APPROVED:
Dep y City Administrator/ Executive Director
Dir ctor of Economic
Development
2 - 172
Res. No. 1.72
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I, CONNIE BROCKWAY, Clerk of the Redevelopment Agency of the
City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing
resolution was duly adopted by the Redevelopment Agency of the City of
Huntington Beach at a meeting of said Redevelopment Agency held on the
2nth day of March 19 84 , and that it was so adopted
by the following vote:
AYES: Members:
MacAllister, Green, Winchell , Bannister, Mays, Silva, Erskine
NOES: Members:
None
ABSENT: Members:
None
9*foei
Clerk of-TTle Redevelopmefft Agency of
the City of Huntington Beach, Ca.
172