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ORDINANCE NO. NS-2293 <br />AN ORDINANCE OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING <br />THE PUBLIC LEASEBACK OF CERTAIN <br />FACILITIES WITH THE COUNTYWIDE <br />PUBLIC FINANCING AUTHORITY <br />THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS <br />FOLLOWS: <br />Section 1. Approval,of Entering into Lease. Pursuant to <br />section 54241 of the California Government Code, the City of Santa <br />Ana is hereby authorized to enter into a formal agreement with the <br />Countywide Public Financing Authority with respect to the public <br />leaseback of certain facilities and the real property on which such <br />improvements are situated, more particularly described in Exhibit <br />A attached hereto, so long as the principal amount of the lease <br />agreement does not exceed $7,500,000, so long as the maximum annual <br />lease payments to be paid by the City does not exceed $1,000,000 <br />and so long as the term of the lease agreement does not exceed 15 <br />years. This ordinance is subject to the provisions for referendum <br />applicable to the City of Santa Ana. This ordinance shall be <br />published in the manner required by law for ordinances of the City <br />of Santa Ana generally. <br />section 2. Effective Date. This ordinance shall not <br />become effective or be in force until thirty (30) days from and <br />after the date of its adoption, and shall be published at least <br />once in full in a newspaper of general circulation published in the <br />City of Santa Ana, within 15 days after its adoption. <br />ADOPTED this 17th day of June , 1996. <br />ATTEST: <br />)ayor <br />uel :A."Pulido <br />4C1rk <br />e C. Guy <br />of the Counc 1 <br />COUNCILMEMBERS: <br />Pulido <br />Aye <br />Richardson <br />bsent <br />Espinoza <br />Absent <br />Lutz <br />Aye <br />McGuigan <br />Aye <br />Mills <br />Ave -- <br />Moreno <br />Ahsent <br />APPROVED AS TO FORM: <br />Edward-J. C ope <br />City Attorne <br />