HomeMy WebLinkAbout84-152RESOLUTION NO. 84-152
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA, CALIFORNIA, APPROVING THE
ISSUANCE BY THE CITY OF SANTA ANA COMMUNITY
REDEVELOPMENT AGENCY OF ITS SOUTH MAIN STREET
REDEVELOPMENT PROJECT TAX ALLOCATION BONDS
1984, AND MAKING CERTAIN DETERMINATIONS
RELATING THERETO
WHEREAS, the City of Santa Ana Community Redevelopment
Agency (the "Agency") is a redevelopment agency duly created,
established and authorized to transact business and exercise
its Powers, all under and pursuant to the Community
Redevelopment Law (Part 1 of Division 24 (commencing with
Section 33000) of the Health and Safety Code of the State of
California) and the powers of the Agency include the power to
issue bonds for any of its corporate purposes; and
WHEREAS, a Redevelopment Plan known as the "South Main
Street Redevelopment Project" has been adopted and approved by
the City of Santa Ana (the "City"), and all requirements of law
for the precedent to the adoption and approval of said
Redevelopment Plan, as amended, have been duly complied with;
and
WHEREAS, the Agency has adopted its Resolution entitled:
"A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY
REDEVELOPMENT AGENCY AMENDING RESOLUTION
NO. 84-17 AND AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION BONDS OF SAID AGENCY IN A PRINCIPAL
AMOUNT OF NINETEEN MILLION DOLLARS ($19,000,000)
TO FINANCE A PORTION OF THE COST OF A
REDEVELOPMENT PROJECT KNOWN AS THE SOUTH MAIN
STREET REDEVELOPMENT PROJECT"; and
WHEREAS, the Agency has adopted its Resolution entitled:
A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY
REDEVELOPMENT AGENCY AWARDING $19,000,000 SOUTH
MAIN STREET REDEVELOPMENT PROJECT TAX
ALLOCATION BONDS 1984, TO THE TEST BIDDER AND
REJECTING ALL OTHER BIDS"; and
WHEREAS, under and pursuant to the above Resolution, the
Agency has authorized the issuance and sale of $19,000,000 City
of Santa Ana Community Redevelopment Agenoy South Main Street
Redevelopment Project Tax Allocation Bonds 1984 (the "Bonds").
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY
the City Council of the City of Santa Ana, California, as
follows:
Section 1. Approval of Issuance of Bonds. The issuance of
an aggregate principal amount of $19,000,000 of "City of Santa
Aha Community Redevelopment Agency South Main Street
Redevelopment Project Tax Allocation Bonds 1984" (the "Bonds"),
in order to aid in the financing of the South Main Street
Redevelopment Project, and for other purposes related thereto,
all of which constitute a "redevelopment activity", as such
term is defined in Health and Safety Code Section 33640.
Section 2. Effective Date. This Resolution shall take
effect upon adoption.
PASSED, APPROVED, AND ADOPTED this 17th day of December,
1984, by the following vote:
AYES: Acosta, Griset, Hart, Johnson, Luxembour§er, McGui§an, Youn§
NOES .' None
ABSENT: None
Daniel E, Grise't
Mayor
ATTEST:
/'/l'a n i ~ e C~
t'Clerk of the Council
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