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ORDINANCE NO. NS- 1609 PAGE TWO (e) The City can promote such public interests by assisting the financing of industrial and commercial development within the City, pursuant to this Chapter, without adversely affecting areas outside the boundaries of the City or transient residents of the State, and without conflicting with or in any way impairing the efforts of the State to solve problems of legitimate Statewide concern. (f) Encouraging industrial and commercial development pursuant to this Chapter (1) will promote the health, safety and welfare of the City, including those public interests enumerated in subsection (a) and subsection (b) hereof, and will improve the social, moral, economic and physical condition of the cc~munity thereby, and (2) constitutes a municipal affair of the City of Santa Ana, a valid exercise of the police powers of the City of Santa Ana, and a public purpose in which the City of Santa Ana has a peculiar and unique interest. Sec. 28-2. Definitions. Unless the context otherwise requires, the following definitions shall govern the construction of Chapter: this Acquisition. "Acquisition" and its variants means acquisition, construction, improvement, furnishing, equipping, remodeling, repair, reconstruction or rehabilitation. Administrative Expenses. "Administrative Expenses" means the reasonable and necessary expenses incurred by the City in the administration of the provisions of the Chapter with respect to a particular Project and the issuance of Bonds pursuant to this Chapter for said Project, including without limitation fees and expenses of paying agents, trustees, bond counsel and financing consultants, and costs of printing and advertising. submitted to obtain Application. "Application" means an application by a Participating Party pursuant to this Chapter financing for a Project. Bonds. "Bonds" means any bonds, notes, interim certificates, debentures or other obligations issued by the City pursuant to this Chapter, which are payable exclusively from Revenues and other funds permitted by this Chapter, and which are "industrial development bonds" within the meaning of Section 103(b) of the Internal Revenue Code of 1954, as amended, or any similar provision of said Code then in effect. City. "City" means the City of Santa Ana, California, a charter city in the State existing under and exercising powers pursuant to the City Charter. City Council. "City Council" means the City Council of the City of Santa Ana.