SR-413-002 (13)
PROMISSORY NOTE
Downtown
Redevelopment Project
Santa Monica, California
July 1, 2001
On June 30, 2002, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Two Million, Sixty Thousand, Eight
Hundred Twenty-Six Dollars and Ninety-Three Cents ($2,060,826.93), with interest from July 1,2001, at
the rate of one-half of one percentage point (.5%) more than the City's actual rate of investment earnings
for fiscal year 2001-02 (July 1,2001 - June 30, 2002). This total amount now owed represents the original
June 30, 1981 debt less subsequent payments plus subsequently incurred interest. In no event shall the
interest rate be more than 12% per annum, Principal and interest are payable in lawful money of the
United States. If action be instituted on this note, the undersigned promises to pay all costs of collection,
including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
ATTEST
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BY~
Chairperson
APPROVED AS TO FORM:
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P.N. #1
-14-
PROMISSORY NOTE
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2001
'. . .' '. .... (
On.... 3O,28O:l.:." value received, .......rsigned pl!tOmises to pay tOi the order of the City of
SInta~.""ioipal corporation.. Santa Monica,the sum of Four Million, ~ Hundfed Seventy_
S.~,"_,"hdred Se~8OIIars.d Eighty-One Cents ($4,rle,276.81), With interest
from July 1,2001, at the rate of one-half of one percentage pointl.5%) more than the City's actual rate of
investment earnings for fiscal year 2001-02 (July 1, 2001 - June 30, 2002). This total amount now owed
represents the original June 30, 1981 debt less subsequent payments plus subsequently incurred interest.
In no event shall the interest rate be more than 12% per annum. Principal and interest are payable in
Ia_~ "United States. If action be instituted on this note, the unders;9nedprornises to pay all
costs of collection, including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
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BY:
APPROVED AS TO FORM:
P.N. #2
-10-
PROMISSORY NOTE
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2001
On June 30, 2002, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Six Hundred Nineteen Thousand,
Four Hundred Twenty-Three Dollars and Forty-Five Cents ($619,423.45) with interest from July 1,2001, at
the rate of one-half of one percentage point (,5%) more than the City's actual rate of investment earnings
for fiscal year 2001-01 (July 1,2001 - June 30, 2002). This total amount now owed represents the original
September 13, 1983 debt less subsequent payments plus subsequently incurred interest. In no event
shall the interest rate be more than 12% per annum. Principal and interest are payable in lawful money of
the United States. If action be instituted on this note, the undersigned promises to pay all costs of
collection, including reasonable attorney's fees.
ATTEST
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The Redevelopment Agency of
the City of Santa Monica
BY:
APPROVED AS TO FORM:
BY:
P.N. #4
-11-
PROMISSORY NOTE
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2000
On June 30, 2002, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Five Hundred Forty-Five Thousand,
Five Hundred Sixty-Three Dollars and Nine Cents ($545,563.09), with interest from July 1,2001 at the rate
of~Of one~e P*{.S........nth. City's actual rate of investment earnings for fiscal
2001-02 (July 1, 2001 - June 30, 2002). This amount now owed ,.resents the original
September 14, 1983 debt less subsequent payments plus subsequently incurred interest. In no event
shall the interest rate be more than 12% per annum. Principal and interest are payable in lawful money of
the United States. If action be instituted on this note, the undersigned promises to pay all costs of
collection, including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
. --....
ATTEST
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BY:
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APPROVED AS TO FORM:
P.N. #5
-12-
PROMISSORY NOTE
Downtown
Redevelopment Project
Santa Monica, California
July 1, 2001
On June 30, 2002, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Thirteen Million, Eight Hundred Fifty-
Three Thousand, Nine Hundred Ninety-Three Dollars and Twenty-Three Cents ($13,853,993.23), with
interest from July 1, 2001 at the rate of five and ninety-eight one hundredths percent (5,98%) per annum.
This amount now owed represents the original October 24, 1978 debt less subsequent payments plus
subsequently incurred interest. Principal and interest are payable in lawful money of the United States. If
action be instituted on this note, the undersigned promises to pay all costs of collection, including
reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
ATTEST
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BY:
APPROVED'" TO'FORM:
BY:
P.N. #6
-13-
PROMISSORY NOTE
Low/Moderate Income Housing
Redevelopment Project
Santa Monica, California
July 1, 2001
interest from July 1, 2001, at the rate of one-half of one percentage point ,5%) more than the
- ,
CitY. actuaI""Sinvestment earnings for fiscal year 2001-02 (July 1,2001 - Uune 30,2002).
no event shall the interest rate be more than 12% per annum, Principal and interest are payable
in lawful money of the United States. If action be instituted on this note, the undersigned
promises to pay all costs of collection, including reasonable attorney's fees.
BY:
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BY:
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APPROVED AS TO FORM:
BY: nf}a..Lt:h:' 1l'vJtu/tu'
~.:ha Jo~ ' outrid.
Agency Att ney
P.N, #9
-15-
PROMISSORY NOTE
Earthquake Recovery
Redevelopment Project
Santa Monica, California
July 1, 2001
OftJune30...for'\M vEliue received....t.B&dersigned promises to paYito the order of the
~~~of"OIY'.Of'8anta.M'O~.. Calif",pu'btic bQdy, corporate and
peIiticat.8tSllnta~"'sum.,'''.nMlillorl.FOurftu'ndred Sixty-Eightttltusand, Seven-
HundfM'FivI~"Ninety.Orie centsr$'lO~_,1IU1);With interest from July 1,2001,
%
the rate of one-half of one percentage point(~5%) more than the City's actual rate of investment
earniRgltorfiecaf1,...,..02N 1.100. -JuM30, 2008),""110 event shall the interest rate
be more than 12% per annum, Principal and interest are payable in lawful money of the United
States. tf~"'~en""noIII.thfundersigned promises to pay all posts of collection,
including reasonable attorney's fees,
City of Santa Monica
~ST
-
BY~ ~ ~.=~ \~~ ~J~
Maria Stewart .
Secretary
nEe MCCarthy
City Manager
APPROVED AS TO FORM
P.N. #10
-16-