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RESOLUTION NO. ~8-84 0F THE CITY 0F SANCTA A..EA, CALII~OPJ~IA zfETEP~INING TH,ET THE EXPENDITURE OF ~IONEY RAISED BY ~E SA~ OF BOP~DS APPROVED BY T~ ELECTORS OF SAID CI~ AS "BOarD PROPOSITIOi{~ NO. ~" AT ~{E SPECi.~ BOND E~CTION APRIL 9, 1946, FOR '~{E II~[PROVEi,iE[T OF SANTIAGO HELD CREEK, IS I!~,~PRACTIC~ ~D L~¥ISE AHD T~AT S.~D F, iONEY SHOU~ NOT B~ S0 EXPENDED BUT SHOULD 3~ USED FOR ~ ~J~ OT'IER USE~JL ],,iUNICIPAL PU~0SE %~ttEREAS, the voters of the City of Sa~ ta ~%na at a special m~a~icipal election held April ?, 1946, called for the purpose of submittinA to said voters certai~ propos itions to incur bonded in- debtedness, voted in favor of incurring such indebtedness in that more than tvx)-thirds of all voters voti~ng at said electio~n voted in favor of fi~e adoption of each of the bond propositions submitted to them, and ~f~EREAS, i~ond P~ position i~o. 4, s~ submitted, was in words and figures as follows: "BOND P~OPOSiTION ~'i'O. 4: Shall the City of Santa Ana incur a bonded indebtedness in the principal su~ of ',~'~12~,000.00 for the purpose of k~e acquisition ar~ construction by said City of a certain municipal im~orovement, to-wit: ~¥orks ~nd structures for the control of storm and flood waters of Santiago Creek in the City of Saa ta Aha, said works and structures to consist of retaini~ walls and the paving of the channel of a portion of said creek?", and as a res~lt of said vote on said proposition the bonds autaorized by said Bond Proposition No. 4 were duly issued and sold, and the City now holds the proceeds resulting there~i'rom, and no part of said !?125,000.00 has been expended for the purposes set forth in said proposition, an d %:~HEREAS, ce~:tain structures and works have so controlled the storm and flood waters entering Santiago Creek that danger from flood- ing or creek overflow has ceased to exist, and '~{E?d~AS, the work authorized by ssi d Bond Proposition i~'o. 4 could now onl.5~ serve to beautify and improve said creek channel within the City and could and would be of little benefit in retaining flood waters if circumstances produced 'tho same, snd such beautification and inprover~ent of said Santia ~o Creek could and would benefit only those few properties fronting on or adjacent to said Creek;