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REL:adg 4/7/82 RESOLUTION NO. 82-50 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE APPLICATION OF MITSUBISHI CONSUMER ELECTRONICS OF AMERICA, INC., FOR INDUSTRIAL DEVELOPMENT BOND FINANCING PURSUANT TO CHAPTER 28 OF THE SANTA ANA MUNICIPAL CODE WHEREAS, Chapter 28 of the Santa Ana Municipal Code authorizes the City to sell its bonds, notes, interim debentures, or other obligations pursuant to the City Charter, for the purpose of providing financing for the acquisition, rehabilitation, construction and improvement of industrial projects located within the City; and WHEREAS, Mitsubishi Consumer Electronics of America, Inc., a corporation qualified to do business in California, has submitted an application for such financing for a project consisting of the construction of a television assembly plant and parking and related and appurtenant facilities and properties on property located on East Carnegie Avenue in the City of Santa Ana; and WHEREAS, this Council has reviewed the said application and accompanying staff report, including the negative declaration (I.S. No. 81-206) prepared for said project . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: 1. This Council finds and determines that the proposed project as described in the application promotes the long-term employment of the residents of the City; will not adversely affect areas outside the boundaries of the City or transient residents of the State; and is in the public interests of the City, a valid exercise of the police powers of the City, and a public purpose in which the City has a peculiar and unique interest. 2. This Council hereby approves the Negative Declaration prepared for the project and its finding that the project will not have a significant effect on the environment.