HomeMy WebLinkAbout1985-57 CRA
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RESOLUTION NO.
85-57
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,000¡ 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
;esolution 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.
Chairman of the City of Santa Ana
Community Redevelopment Agency
(SEAL)
ATTEST:
Secretary of the City of Santa
Ana Community Redevelopment Agency
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STATE OF CALIFORNIA)
COUNTY OF ORANGE)
CITY OF SANTA ANA)
SSe
I, , Secretary of the City of
Santa Ana Communlty Redevelopment Agency, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted by said Agency
at a regular meeting held on the day of December 1985, and
that the same was passed and adopted by the following vote:
AYES: Members:
NOES: Members:
ABSENT: Members:
ABSTAIN: Members:
Secretary of the City of Santa
Ana Community Redevelopment
Agency
(SEAL)
STATE OF CALIFORNIA)
COUNTY OF ORANGE)
CITY OF SANTA ANA)
SSe
I, , Secretary of the City of
Santa Ana Communlty Redevelopment Agency, DO HEREBY CERTIFY
that the above and foregoing is a full, true and correct copy
of RESOLUTION NO. , of said Agency, and that the same
has not been amended or repealed.
DATED: December --,1985.
Secretary of the City pf Santa Ana
Community Redevelopment Agency
(SEAL)
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RESOLUTION NO.
85-57
RESOLUTION OF THE CITY OF SANTA ANA
COMMUNITY REDEVELOPMENT AGENCY AWARDING THE
$8,000,000 SANTA ANA INTER-CITY COMMUTER
STATION REDEVELOPMENT PROJECT, TAX
ALLOCATION BONDS, 1985 SERIES A¡ $63,850,000
CITY OF SANTA ANA REDEVELOPMENT PROJECT
AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡
$13,650,000 SANTA ANA SOUTH HARBOR
BOULEVARD/FAIRVIEW STREET REDEVELOPMENT
PROJECT, TAX ALLOCATION BONDS, 1985
SERIES C¡ $13,000,000 SANTA ANA SOUTH MAIN
STREET REDEVELOPMENT PROJECT, TAX ALLOCATION
BONDS, 1985 SERIES D TO THE BEST BIDDER AND
TO REJECT ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening of
bids for the tax allocation bonds of the City of Santa Ana
Community Redevelopment Agency in a principal amount of
$8,000,000, designated SANTA ANA INTER-CITY COMMUTER STATION
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES A¡
$63,850,000, designated CITY OF SANTA ANA REDEVELOPMENT PROJECT
AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡ $13,650,000,
designated SANTA ANA SOUTH HARBOR BOULEVARD/ FAIRVIEW STREET
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES C¡ and
$13,000,000, designated SANTA ANA SOUTH MAIN STREET
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES D (the
"Bonds"), all bids will be publicly opened, examined and read,
and a tabulation thereof will be prepared.
NOW, THEREFORE, the City of Santa Ana Community
Redevelopment Agency DOES HEREBY RESOLVE, DETERMINE AND ORDER
as follows:
SECTION 1. The bid of Smith Barney, Harris Upham & Co. Inc.
received by the Agency offering a certain sum as set forth in
the Bid attached hereto plus accrued interest to date of
delivery of said Bonds bearing interest payable semi-annually
at the rates set forth in such bid is the best bid for the
Bonds yielding the lowest net interest cost. The Agency hereby
awards the Bonds to said best bidder in accordance with the
terms of the proposal.
SECTION 2. All other bids will be rejected and any bid
checks not previously returned will be immediately returned to
such bidders.
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SECTION 3. That the interest rate, on the Bonds is hereby
fixed at the rates stated in the bid referred to in Section 1
hereof.
SECTION 4. That the Executive Director, Deputy Executive
Director and Secretary of the Agency are hereby directed to
take such actions as are necessary to deliver the Bonds to the
successful bidder upon payment of the purchase price set forth
in the bid therefor together with accrued interest, if any, to
the date of delivery.
SECTION 5. The Official Statement with respect to the
Bonds as presented to the Agency (the "Official Statement") is
hereby approved. The Chairman of the Agency is hereby
authorized and directed to execute the Official Statement where
indicated, and the Executive Director, Deputy Executive
Director or Secretary of the Agency is hereby authorized and
directed to deliver copies of the Official Statement to the
Purchaser in such reasonable quantities as requested by
Purchaser.
SECTION 6. The Chairman, the Executive Director, Deputy
Executive Director and the secretary of the Agency are hereby
authorized and directed to execute and deliver any and all of
the documents in connection with the issuance, sale and
delivery of the Bonds including Resolution No's. 85-53,85-54,
85-55, and 85-56, with such changes, additions, modifications
or deletions as requested by Bond Counsel.
ADOPTED, SIGNED AND APPROVED this 3rd day of
1985.
December
Chalrman, City of Santa Ana
Community Redevelopment Agency
(SEAL)
ATTEST:
Secretary, City of Santa Ana
Community Redevelopment Agency
City Attorney
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STATE OF CALIFORNIA
COUNTY OF .ORANGE
CITY OF SANTA ANA
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I, , 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. , of said Agency, and that the same has
not been amended or repealed.
DATED:
, 1985.
Secretary, Clty of Santa Ana
Community Redevelopment Agency
(SEAL)
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RESOLUTION NO.
85-57
.
RESOLUTION OF THE CITY OF SANTA ANA
COMMUNITY REDEVELOPMENT AGENCY AWARDING THE
$8,000,000 SANTA ANA INTER-CITY COMMUTER
STATION REDEVELOPMENT PROJECT, TAX
ALLOCATION BONDS, 1985 SERIES A¡ $63,850,000
CITY OF SANTA ANA REDEVELOPMENT PROJECT
AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡
$13,650,000 SANTA ANA SOUTH HARBOR
BOULEVARD/FAIRVIEW STREET REDEVELOPMENT
PROJECT, TAX ALLOCATION BONDS, 1985
SERIES C¡ $13,000,000 SANTA ANA SOUTH MAIN
STREET REDEVELOPMENT PROJECT, TAX ALLOCATION
BONDS, 1985 SERIES D TO THE BEST BIDDER AND
TO REJECT ALL OTHER BIDS
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WHEREAS, at the time and place fixed for the opening of
bids for the tax allocation bonds of the City of Santa Ana
Community Redevelopment Agency in a principal amount of
$8,000,000, designated SANTA ANA INTER-CITY COMMUTER STATION
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES A¡
$63,850,000, designated CITY OF SANTA ANA REDEVELOPMENT PROJECT
AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡ $13,650,000,
designated SANTA ANA SOUTH HARBOR BOULEVARD/ FAIRVIEW STREET
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES C¡ and
$13,000,000, designated SANTA ANA SOUTH MAIN STREET
REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES D (the
"Bonds"), all bids will be publicly opened, examined and read,
and a tabulation thereof will be prepared.
NOW, THEREFORE, the City of Santa Ana Community
Redevelopment Agency DOES HEREBY RESOLVE, DETERMINE AND ORDER
as follows:
SECTION 1. The bid of Smith Barney, Harris Upham & Co. Inc.
received by the Agency offering a certain sum as set forth in
the Bid attached hereto plus accrued interest to date of
delivery of said Bonds bearing interest payable semi-annually
at the rates set forth in such bid is the best bid for the
Bonds yielding the lowest net interest cost. The Agency hereby
awards the Bonds to said best bidder in accordance with the
terms of the proposal.
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SECTION 2. All other bids will be rejected and any bid
checks not previously returned will be immediately returned to
such bidders.
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SECTION 3. That the interest rate, on the Bonds is hereby
fixed at the rates stated in the bid referred to in Section 1
hereof.
SECTION 4. That the Executive Director, Deputy Executive
Director and Secretary of the Agency are hereby directed to
take such actions as are necessary to deliver the Bonds to the
successful bidder upon payment of the purchase price set forth
in the bid therefor together with accrued interest, if any, to
the date of delivery.
SECTION 5. The Official Statement with respect to the
Bonds as presented to the Agency (the "Official Statement") is
hereby approved. The Chairman of the Agency is hereby
authorized and directed to execute the Official Statement where
indicated, and the Executive Director, Deputy Executive
Director or Secretary of the Agency is hereby authorized and
directed to deliver copies of the Official Statement to the
Purchaser in such reasonable quantities as requested by
Purchaser.
SECTION 6. The Chairman, the Executive Director, Deputy
Executive Director and the Secretary of the Agency are hereby
authorized and directed to execute and deliver any and all of
the documents in connection with the issuance, sale and
delivery of the Bonds including Resolution No's. 85-53, 85-54,
85-55, and 85-56, with such changes, additions, modifications
or deletions as requested by Bond Counsel.
ADOPTED, SIGNED AND APPROVED this
1985.
3rd day of
December
4u
Chairman, City of Santa Ana
Community Redevelopment Agency
(SEAL)
City Attorney
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
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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 , of said Agency, and that the same has
not been amended or repealed.
DATED:
,1985.
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(SEAL)
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