HomeMy WebLinkAboutNS-2293 - Approving the Public Leaseback of Certain Facilities With the Countywide Public Financing AuthorityORDINANCE NO. NS-2293
AN ORDINANCE OF THE CITY COUNCIL
OF THE CITY OF SANTA ANA APPROVING
THE PUBLIC LEASEBACK OF CERTAIN
FACILITIES WITH THE COUNTYWIDE
PUBLIC FINANCING AUTHORITY
THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS
FOLLOWS:
Section 1. Approval of Entering into Lease. Pursuant to
section 54241 of the California Government Code, the city of Santa
Aha is hereby authorized to enter into a formal agreement with the
Countywide Public Financing Authority with respect to the public
leaseback of certain facilities and the real property on which such
improvements are situated, more particularly described in Exhibit
A attached hereto, so long as the principal amount of the lease
agreement does not exceed $7,500,000, so long as the maximum annual
lease payments to be paid by the city does not exceed $1,000,000
and so long as the term of the lease agreement does not exceed 15
years. This ordinance is subject to the provisions for referendum
applicable to the city of Santa Aha. This ordinance shall be
published in the manner required by law for ordinances of the City
of Santa Aha generally.
section 2. E~&~k~--~. This ordinance shall not
become effective or be in force until thirty (30) days from and
after the date of its adoption, and shall be published at least
once in full in a newspaper of general circulation published in the
City of Santa Ana, within 15 days after its adoption.
ADOPTED this
ATTEST:
dOUNCILMEMBERS:
17th day of June , 1996.
Pulido Aye
Richardson Absent
Espinoza Absent
Lutz Aye
McGuigan Aye
Mills Aye
Moreno Absent
APPROVED AS TO FORM:
Edw~raC3. -C~pe~
City Attorney7--
; 04
EXHIBIT A
DESCRIPTION OF LEASED PROPERTY
(1) Carl Thornton Park, located at 1801 West Segerstrom Avenue, Santa Ana.
(2) Bomo Koral Park, located at 900 West MacArthur Boulevard, Santa Ana.
CERTIFICATE OF ORIGINALITY & PUBLICATION
-6,f':c-a-i ffornia '
of Santa Ana on
with the Charter of the City of Santa Ana.
County of Orange
I, JANICE C. GUY, Clerk of the Council, do hereby certify the attached Ordinance
to be the original ordinance adopted by the City Council of the City
~ - / ~7 - ~ ; and that said ordinance was published in accordance
Date:
Exhibit A
Clerk of the Cofincil~/
City of Santa Ana t /