HomeMy WebLinkAbout84-106RESOLUTION NO. 84- 106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE APPLICATION OF HALFERTY
DEVELOPMENT COMPANY FOR INDUSTRIAL DEVELOPMENT
BOND FINANCING PURSUANT TO CHAPTER 28 OF THE SANTA
ANA MUNICIPAL CODE
W~EREAS, Chapter 28 of the Santa Ana Municipal
Code authorizes the City to sell its bonds, notes, interim
debentures, or other obligations pursuant to the City
Charter, for the purpose of providing financing for the
acquisition, rehabilitation, construction and improvement of
industrial and commercial projects located within the City;
and
WHEREAS, Halferty Development Company, a
California General Partnership has submitted an application
for such financing for a project consisting of a commercial
office building located on the property described in Exhibit
A, in the City of Santa Ana; and
WHEREAS, this Council has reviewed said
application and accompanying staff report;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA AS FOLLOWS:
1. This Council finds and determines that the
proposed project as described in the application promotes
the long-term employment of the residents of the City; will
not adversely affect areas outside the boundaries of the
City or transient residents of the State; and is in the
public interests of the City, a valid exercise of the police
powers of the City, and a public purpose in which the City
has a peculiar and unique interest.
2. This Council accepts and approves the said appli-
cation and the participation of the City in the financing of
said project, subject to the provisions of Chapter 28 of the
Santa Ana Municipal Code and the conclusion of all pro-
ceedings undertaken to consummate such financing to the
satisfaction of the City.
ADOPTED, this l?thday of September ... , 1984.
l~o"De ~I~ x~e~b ou r g e r, ~or
ATTEST:
~hice ~o Guy, Cler~of t~/Council
COUNCI LMEMBERS:
Luxembourger
Gr i se t Aye
Acosta
Br icke n
Johnson Aye
McGu igan
Young Aye
Z~o form:
Edwar~ ~. Co~per,
City AttO%'~