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7.1. SR 07-07-2014
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7.1. SR 07-07-2014
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the City as a whole, for the development of the Project Area by private enterprise; and (c) that <br /> the Redevelopment Plan conforms to the general plan for the development of the City as a <br /> whole. <br /> 2.03. The Board further finds, declares and determines that the Board made the above <br /> findings stated in this Section based on the supporting facts described in the Redevelopment <br /> Plan, which is incorporated herein in its entirety. <br /> 2.04. The Redevelopment Plan is hereby approved and adopted. <br /> 2.05. The Board hereby transmits the Redevelopment Plan to the Council and <br /> recommends that the Council hold the required public hearing and adopt the Redevelopment <br /> Plan. <br /> 2.06. Upon approval of the Redevelopment Plan by the Council, HRA staff and <br /> consultants are authorized to take all actions necessary to implement the Redevelopment Plan. <br /> Section 2. Approval of Prog am. <br /> 2.01. The HRA hereby reaffirms and approves the Procedures, as modified, and finds, <br /> determines and declares that it is in the public interest of the residents of the City that the <br /> Program as described in the Redevelopment Plan and the Procedures be undertaken by the HRA <br /> in accordance with the HRA Act. <br /> 2.02. The Program Documents, as modified, are hereby in all respects approved, in <br /> substantially the forms submitted, together with any related documents necessary in connection <br /> therewith, and the Chair and Executive Director are hereby authorized and directed to execute the <br /> Program Documents, as needed from time to time (including without limitation in connection with <br /> initiating the Program and originating loans)on behalf of the HRA and to carry out, on behalf of the <br /> HRA,the HRA's obligations thereunder. <br /> 2.03. The approval hereby given to the Program Documents includes approval of such <br /> additional details therein as may be necessary and appropriate and such modifications thereof, <br /> deletions therefrom and additions thereto as may be necessary and appropriate and approved by <br /> legal counsel to the HRA and by the Chair and Executive Director prior to executing said <br /> documents; and said officers are hereby authorized to approve said changes on behalf of the HRA. <br /> The execution of any instrument by the Chair and Executive Director shall be conclusive evidence <br /> of the approval of such document in accordance with the terms hereof. In the event of absence or <br /> disability of said officers,any of the documents authorized by this Resolution to be executed may be <br /> executed without further act or authorization of the Board by any duly designated acting official, or <br /> by such other officer or officers of the Board as,in the opinion of the City Attorney, may act in their <br /> behalf. <br /> 446105v1 1SB ELI 85-26 <br />
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