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SA-3 - RESO - REFUNDING BONDS
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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APPENDIX B <br />CITY OF SANTA ANA INFORMATION <br />GENERAL ECONOMIC DATA CONCERNING <br />TIIE CITY OF SANTA ANA AND THE COUNTY OF ORANGE <br />The following material is descriptive of the City of Santa Ana (the "City") and the surrounding areas of <br />Orange County (the "County"). It has been prepared by or excerpted from sources as noted in the Official <br />Statement, and has not been independently verified by Bond Counsel, Disclosure Counsel or the Underwriter. <br />The Bonds are payable solely from the sources described in the Official Statement (see "SECURITY FOR THE <br />BONDS"). <br />General <br />The City, county seat of the County and one of the oldest communities in Southern California, is located <br />33 miles southeast of Los Angeles, 20 miles east of the Ports of Los Angeles and Long Beach, ten miles inland <br />from the Pacific Ocean and 90 miles north of San Diego. The City encompasses an area of approximately 27 <br />square miles and lies on generally level land at an elevation approximately 135 feet above sea level. <br />The City was established by William H. Spurgeon in 1869. The City was incorporated on June 1, 1886 <br />and reorganized under a City Charter in 1888. In 1952, the voters approved a charter which established a <br />council-manager form of government. The charter was modified by an election in 1986 to provide for the <br />mayor to be elected by the voters. A 1988 redistricting resulted in a six -member City Council, in addition to the <br />Mayor. The City Council is elected biannually at large for four-year terms and the Mayor is elected directly for <br />two-year terms. <br />The City has served as the county seat since the formation of the County in 1889. Numerous <br />government offices have taken advantage of the City's central location and position as county seat. City, <br />County, State of California (the "State") and federal offices are conveniently located in the multi -government <br />civic center in the heart of the City. The City has an industrial base which supports the local economy. <br />Orange County <br />The County is located in southern California, north of San Diego County and south of Los Angeles <br />County. The County occupies a land area of approximately 798 square miles, with a coastline of approximately <br />42 miles, and serves a population of over 3 million. The County represents the third most populous county in <br />the State, and ranks sixth in the United States. <br />B-1 <br />SA -3-70 <br />
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