HomeMy WebLinkAbout86-036141
RESOLUTION NO. 86-~
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 SANTA ANA SOUTH
MAIN STREET REDEVELOPMENT PROJECT, TAX
ALLOCATION REFUNDING BONDS, 1986 SERIES A AND
MAKING CERTAIN DETERMINATIONS RELATING THERETO
WHEREAS, the City of Santa Aha 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, the Agency has adopted its Resolution entitled:
"RESOLUTION OF THE CITY OF SANTA ANA
COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING
THE ISSUANCE OF SANTA ANA SOUTH MAIN STREET
REDEVELOPMENT PROJECT TAX ALLOCATION
REFUNDING BONDS OF SAID AGENCY IN A
PRINCIPAL AMOUNT OF NOT TO EXCEED
TWENTY-FOUR MILLION DOLLARS ($24,000,000)
AND APPROVING THE OFFICIAL STATEMENT AND
BOND PURCHASE AGREEMENT IN CONNECTION
THEREWITH"
;and
WHEREAS, under and pursuant to the above Resolution, the
Agency has authorized the issuance and sale of approximately
$24,000,000 Santa Aha South Main Street Redevelopment Project,
Tax Allocation Refunding Bonds, 1986 Series A (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
Bonds in the principal amounts set forth in the recitals hereof
in order to aid in the refunding of the outstanding $19,000,000
principal amount of South Main Street Redevelopment Project Tax
Allocation Bonds, 1984 and financing of the 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 33678, is hereby authorized
and approved pursuant to Health and Safety Code Section 33640.
143
Section 2. Effective Date.
effect upon adoption.
PASSED, APPROVED AND ADOPTED
1986.
This Resolution shall
this Sth day of May
Mayor of the City of
Ana, California
take
Santa
(SEAL)
ATTEST:
~/%~ Clerk of the/c~/-6-f
~anta Ana, Califorffia/
City Attorney
A~
A~e
A~
Johnson A~
Lux~u~er ~
~uiBan A~
A~
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145
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
CITY CLERK'S CERTIFICATE
RE ADOPTION OF RESOLUTION
I, J~i~C. ~y. , City Clerk of the City of
Santa Aha, California, DO HEREBY CERTIFY that the foregoing
Resolution was duly adopted by the City Council of said City at
a Regular meeting of said City Council held on
the bth day of ~1~ , 1986 and that the same was
passed and adopted by the following vote, to wit:
AYES:
Counci lmember s . .Acosta, Griset, Ha~, Jo~0~, tum~b0u~Ker, McGui§an,
NOES: Councilmembers Nune
ABSENT: Councilmembers ....N0~e
ABSTAIN: Councilmembers N0~e
~f~ Clerk of tqle
Santa Aha, California( /
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
CITY CLERK'S CERTIFICATE
OF AUTHENTICATION
I, Jani~C. ~y , City Clerk of the City of
Santa Aha, California, DO HEREBY CERTIFY that the above and
foregoin9 is a full, true and correct copy of Resolution
No. 86-35 of the City Council of said City and that said
Resolution was adopted at the time and by the vote stated on
the above certificate, and has not been amended or repealed.
/~_i~y Clerk of the/City/~/--~
Santa Ana, Califdrnia( ~
(SEAL)
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