HomeMy WebLinkAbout1985-57-A CRA
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RESOLUTION NO,
85-57-A
RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY
REDEVELOPMENT AGENCY DECLARING ITS INTENTION
TO PROVIDE FOR THE ISSUANCE OF NOT TO EXCEED
$25,000,000 TAX ALLOCATION REFUNDING BONDS,
1985 SERIES E (MAINPLACE PROJECT)
WHEREAS, the City of Santa Ana Community Redevelopment
Agency (the "Agency") entered into a participation agreement
with Santa Ana Venture dated April 30 1, 984, entitled
"participation Agreement Fashion Square Commercial Center" by
which it incurred an indebtedness payable from the tax
increment to be derived from the City of Santa Ana
Redevelopment project Area¡ and
WHEREAS, the Agency desires to refund that indebtednessby
the issuance of tax allocation refunding bonds in an amount not
to exceed $25,OOO,OOO¡ and
WHEREAS, pursuant to Section 53583 of the Government Code
of the State of California, the Agency may negotiate the sale
of refunding bonds¡ and
WHEREAS, the firm of R.H. Moulton & Company, Inc. is an
underwriting firm with the ability to negotiate or purchase on
its behalf, together with other underwriting firms, the
refunding bonds of the Agency¡
NOW, THEREFORE, the Santa Ana Community Redevelopment
Agency DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1.
It is the intention of the Agency to
authorize and issue not to exceed $25,000,000 tax allocation
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refunding bonds to be designated "City of Santa Ana Community
Redevelopment Agency Tax Allocation Refunding Bonds, 1985
Series E (MainPlace Project) (the "Bonds").
The principal and
interest on the Bonds is to be paid from tax increment from the
City of Santa Ana Redevelopment Project Area.
Section 2.
R.H. Moulton & Company, Inc. is authorized
to negotiate the sale of the Bonds¡ provided, however, the sale
of the Bonds shall be subject to terms and conditions, and at a
price and interest rate to be determined by this Agency by
çesolution to be adopted by this Agency.
Section 3.
The law firm of Stradling, Yocca, Carlson &
Rauth is employed as bond counsel to the Agency to issue its
legal approving opinion on the Bonds.
ADOPTED, SIGNED AND APPROVED this ~ day of December,
1985.
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Chairman of the City of Santa Ana
Community Redevelopment Agency
(SEAL)
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City Attorney
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STATE OF CALIFORNIA)
COUNTY OF ORANGE)
CITY OF SANTA ANA)
SSe
I, Rex Swanson , Secretary of the City of
Santa Ana CommunIty Redevelopment Agency, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted by said Agency
at a regular meeting held on the 3rd day of December 1985, and
that the same was passed and adopted by the following vote:
AYES: Members:
NOES: Members:
ABSENT: Members:
ABSTAIN: Members:
Griset, Hart, Johnson, Luxembourger, McGuigan &
Young
None
Acosta
(SEAL)
STATE OF CALIFORNIA)
COUNTY OF ORANGE)
CITY OF SANTA ANA)
SSe
I, Rex Swanson , Secretary of the City of
Santa Ana CommunIty Redevelopment Agency, DO HEREBY CERTIFY
that the above and foregoing is a full, true and correct copy
of RESOLUTION NO. 85-57-A , of said Agency, and that the same
has not been amended or repealed.
DATED: December~, 1985.
(SEAL)
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
SSe
I, Rex Swanson, Secretary of the City of Santa Ana
Community Redevelopment Agency, do hereby certify that the
foregoing resolution was duly adopted by the members of said
Agency at a meeting of said Agency held on the 17th day
of December, 1985, and that it was so adopted by the
following vote:
AYES:
Griset, Hart, Johnson, Luxembourger, McGuigan, Young
NOES:
ABSENT:
Acosta
ABSTAIN:
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S ret , City of Santa Ana
Community Redevelopment Agency
(SEAL)
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