HomeMy WebLinkAbout1983-14 CRA
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RESOLUTION NO.8l=li.
RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AWARDING
$16,500,000 CITY OF SANTA ANA REDEVELOPMENT
PROJECT AREA, TAX ALLOCATION REFUNDING
BONDS, 1983, TO THE BEST BIDDER AND
REJECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening of
bids for the tax allocation bonds of the Community
Redevelopment Agency of the City of Santa Ana in a principal
amount of $16,500,000, designated COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA, CITY OF SANTA ANA
REDEVELOPMENT PROJECT AREA, TAX ALLOCATION REFUNDING BONDS,
1983 (the "Notes"), all bids were publicly opened, examined and
read, and a tabulation thereof has been entered in the minutes;
and
WHEREAS, the bid of the bidder hereinafter named is the
best bid made by a responsible bidder for the Bonds;
NOW, THEREFORE, the Community Redevelopment Agency of the
City of Santa Ana DOES HEREBY RESOLVE, DETERMINE AND ORDER as
follows:
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SECTION 1.
That the bid, attached hereto as Exhibit A
offering $
plus accrued interest to date of delivery
for said Bonds bearing interest payable semi-annually at the
rates set forth therein, is the best bid for the Bonds yielding
the lowest net interest cost.
Said bid is hereby accepted and
the Bonds awarded to said best bidder in accordance with the
terms .of the proposal.
SECTION 2.
All other bids are hereby rejected and any
bid checks not previously returned to such bidders shall be
returned immediately.
SECTION 3.
That the interest rates on the Bonds are
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/or 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 and Secretary of the Agency are
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
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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. 83-8, as
amended, with such changes, additions, modifications or
deletions as requested by Bond Counsel.
ADOPTED, SIGNED AND APPROVED this 16th day of May, 1983.
Chair
Agency
ROBERT LUXEMBOURGER
(SEAL)
Secreta, Community
Redevelopment Agency of the
City of Santa Ana
REX SWANSON
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
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Rex Swanson
, Secretary of the Community
Redevelopment Agency of the City of Santa Ana, 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 16th day of
, 1983, and that it was so adopted
May
by the following vote:
AYES:
Acosta, Bricken, Griset, Johnson, Luxembourger,
McGuigan, Young
None
NOES:
ABSENT:
None
ABSTAIN:
None
Secreta, ommunity Redevelopment
Agency of the City of Santa Ana
(SEAL)
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
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Rex Swanson
, Secretary of the Community Redevelopment
Agency of the City of Santa Ana, do hereby certify that the
above and foregoing is a full, true and correct copy of
RESOLUTION NO.
83-14 , of said Agency, and that the same has
not been amended or repealed.
DATED:
May 16
, 1983.
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Redevelopment Agency
of the City of Santa Ana
(SEAL)
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BID
FOR THE PURCHASE OJ!'
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
(Orange County, California)
CITY OF SANTA ANA REDEVELOPMENT PROJECT AREA
TAX ALLOCATION REFUNDING BONDS, 1983
Community Redevelopment Agency
of the City of Santa Ana
Santa Ana, California
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and pursuant to the Notice Inviting Bids hereinafter mentioned,
we offer to purchase sixteen million five hundred thousand
dollars ($16,500,000) principal amount, all or none, of the
Bonds designated as Community Redevelopment Agency of the City
of Santa Ana, City of Santa Ana Redevelopment Project Area Tax
Allocation Refunding Bonds, 1983," maturing on December 1 in
the years and the amounts and at the rates as follows:
Year. Principal Coupon Years Principal coupon
Inclusive Amount Rate * Inclusive Amount Rate *
1985 $220,000 1993 $380,000 11
1986 235,000 1994 410,000 ,0
1981 245,000 1995 450,000 .00
1988 265,000 1996 490,000 I
1989 280,000 1991 535,000 ,
1990 300,000 1998 S80,000
1991 325,000 1999 635,000
1992 350,000
. $10,800,000 ~ Term Bonds due December 1,2009
:~:~¡~a~r~~~:;o~ ~:c~~~~:~)t~fs~~;~~~~o~ i~~:~-:um
of $ /-Ç 7/0 -ߥ. f:>v plus interest accrued on such Bonds
to the aate'of de ivery thereof.