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ORDINANCE NO. NS-2293 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING <br />THE PUBLIC LEASEBACK OF CERTAIN <br />FACILITIES WITH THE COUNTYWIDE <br />PUBLIC FINANCING AUTHORITY <br /> <br /> THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS <br />FOLLOWS: <br /> <br /> Section 1. Approval of Entering into Lease. Pursuant to <br />section 54241 of the California Government Code, the city of Santa <br />Aha is hereby authorized to enter into a formal agreement with the <br />Countywide Public Financing Authority with respect to the public <br />leaseback of certain facilities and the real property on which such <br />improvements are situated, more particularly described in Exhibit <br />A attached hereto, so long as the principal amount of the lease <br />agreement does not exceed $7,500,000, so long as the maximum annual <br />lease payments to be paid by the city does not exceed $1,000,000 <br />and so long as the term of the lease agreement does not exceed 15 <br />years. This ordinance is subject to the provisions for referendum <br />applicable to the city of Santa Aha. This ordinance shall be <br />published in the manner required by law for ordinances of the City <br />of Santa Aha generally. <br /> <br /> section 2. E~&~k~--~. This ordinance shall not <br />become effective or be in force until thirty (30) days from and <br />after the date of its adoption, and shall be published at least <br />once in full in a newspaper of general circulation published in the <br />City of Santa Ana, within 15 days after its adoption. <br /> <br /> ADOPTED this <br />ATTEST: <br /> <br />dOUNCILMEMBERS: <br /> <br />17th day of June , 1996. <br /> <br />Pulido Aye <br />Richardson Absent <br />Espinoza Absent <br />Lutz Aye <br />McGuigan Aye <br />Mills Aye <br />Moreno Absent <br /> <br />APPROVED AS TO FORM: <br /> <br />Edw~raC3. -C~pe~ <br />City Attorney7-- <br /> <br /> <br />