HomeMy WebLinkAbout2025-050 - Enterprise Development Authority for 3130 South Fairview Street RESOLUTION NO. 2025-050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA, APPROVING THE ISSUANCE OF NOT TO
EXCEED $40,000,000 TAXABLE REVENUE BONDS BY
THE CALIFORNIA ENTERPRISE DEVELOPMENT
AUTHORITY FOR 3130 SOUTH FAIRVIEW STREET
WHEREAS, 3130 South Fairview LLC, a California limited liability company
("Fairview"), and Robinson Pharma, Inc., a California corporation ("Robinson" and,
together with Fairview, the "Applicants"), have requested the California Enterprise
Development Authority (the "Authority") to issue, from time to time, pursuant to a plan of
finance, of one or more series of its taxable bonds, notes, or other evidence of
indebtedness in an amount not to exceed $40,000,000 (the "Bonds"), the proceeds of
which are to be loaned to one or both of the Applicants and/or related or successor entities
(collectively, the "Borrowers") for the purpose of (a) financing, refinancing and/or
reimbursing the cost of the acquisition, improvement and equipping of the real property
and improvements located at 3130 South Fairview Street, Santa Ana, California 92704;
and (b) paying certain financing costs and costs of issuance in connection with the Bonds
(collectively, the "Project"); and
WHEREAS, pursuant to Section 91530(f) of the California Industrial Development
Financing Act(constituting Title 10 of the California Government Code) (the "Government
Code"), the issuance of the Bonds by the Authority must be approved by the local agency
having jurisdiction over the area in which all or a portion of the Project is located; and
WHEREAS, the Project is located within the territorial limits of the City of Santa
Ana (the "City"); and
WHEREAS, the Authority and the Borrowers have requested that the City Council
to approve the issuance of the Bonds by the Authority in order to satisfy the requirements
of Section 91530(f) of the Government Code; and
WHEREAS, it is in the public interest and for the public benefit that the City Council
approve the issuance of the Bonds by the Authority for the aforesaid purposes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa
Ana as follows:
Section 1. On information and belief, the foregoing recitals are true and correct.
Section 2. The City Council hereby approves the issuance of the Bonds by the
Authority for the purpose of financing, refinancing and/or reimbursing the cost of the
Project. It is the purpose and intent of the City Council that this resolution constitute
approval of the issuance of the Bonds by the Authority for the purposes of Section
91530(f) of the Government Code.
Resolution No. 2025-050
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Section 3. The issuance of the Bonds shall be subject to the approval of the
Authority of all financing documents relating thereto to which the Authority is a party.
Neither the City, official, officer nor any department thereof shall have any responsibility
or liability whatsoever with respect to the Bonds or the Project.
Section 4. The adoption of this Resolution shall not obligate the City, official,
officer, or any department thereof to (i) provide any financing with respect to the Project;
(ii) approve any application or request for or take any other action in connection with any
planning approval, permit or other action necessary with respect to the Project; (iii) make
any contribution or advance any funds whatsoever to the Authority or the Borrowers; or
(iv) take any further action with respect to the Authority or its membership therein.
Section 5. The City Manager and applicable Executive Directors of the City are
hereby authorized and directed, jointly and severally, to do any and all things and to
execute and deliver any and all documents which they deem necessary or advisable in
order to carry out, give effect to and comply with the terms and intent of this resolution
and the financing transaction approved hereby.
Section 6. This Resolution shall take effect immediately upon its adoption by the
City Council and the City Clerk shall attest to and certify the vote adopting this Resolution.
ADOPTED this 4th day of November, 2025.
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APPROVED AS TO FORM:
Sonia R. Carvalho
City Attorney
(&By: C✓Gc `_
Andrea arcia-Miller
Senior Assistant City Attorney
AYES: Councilmembers Amezcua Bacerra Lopez, Penaloza
Phan, Vazquez (6)
NOES: Councilmembers None (0)
ABSTAIN: Councilmembers None 0
ABSENT: Councilmembers Hernandez (1)
Resolution No. 2025-050
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CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, JENNIFER L. HALL, City Clerk, do hereby attest to and certify the attached Resolution
No. 2025-050 to be the original resolution adopted by the City Council of the City of Santa
Ana on November 4, 2025.
Date: t� Oof
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Resolution No. 2025-050
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