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ORDINANCE NO. NS- 1609 PAGE FOUR Finance. "Finance" and its variants means the lending of moneys or any other thing of value, or the purchase of loans, for the purpose of paying any or all of the costs of a project pursuant to this Chapter. Participating Part~. "Participating Party" means any person, corporation, partnership, firm or other entity or group of entities requiring financing for the acquisition of a Project pursuant to this Chapter. No member of the City Council or officer, staff member or employee of the City shall be eligible to be a Participating Party under the provisions of this Chapter. Pro~ect. "Project" means real property located within the City and improved or to be improved with an industrial or commercial structure, and all property in connection therewith or incidental thereto, including machinery, equipment and furnishings, the acquisition of which is financed or otherwise assisted pursuant to this Chapter. Revenues. "Revenues" means, with respect to a Project, all amounts received as repayment of principal, interest and all other charges received for, and all other income and revenue (including the proceeds of insurance) derived by, the City in connection with such Project, and any receipts derived from the investment of such income or revenues, including moneys deposited in a sinking, redemption or reserve fund or other fund to secure the Bonds or to provide for the payment of the principal of or interest on the Bonds and such other moneys as the City Council may in its discretion make available therefor. Rules and Regulations. "Rules and Regulations" means the rules and regulations promulgated by the City Manager of the City of Santa Ana pursuant to Sec. 28-7 hereof. State. "State" means the State of California. ARTICLE II. POWER AND PURPOSES Sec. 28-3. Powers. The City is authorized and empowered: (a) To determine the location and character of any Project to be financed under the provisions of this Chapter, and to finance such Projects by making or purchasing loans to Participating Parties therefor. (b) To issue Bonds for the purpose of financing or otherwise assisting the acquisition of Projects authorized by this Chapter and for the purpose of funding or refunding Bonds. (c) To fix fees, charges and interest rates for financing any Project, and to revise such fees, charges and interest rates from time to time, and to collect interest and principal on any loan made to a Participating Party together with such fees and charges incurred in such financing, and to contract with any person, partnership, association, corporation or public agency with respect thereto. (d) To hold deeds of trust as security for financing any Project and to pledge the same as security repayment of Bonds issued therefor.