Laserfiche WebLink
REL:adg <br />8/24/82 <br /> <br />RESOLUTION NO. 82-121 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA AUTHORIZING THE ISSUANCE <br />OF BONDS FOR THE PURPOSE OF FINANCING THE <br />CONSTRUCTION AND REHABILITATION OF A <br />COMMERCIAL OFFICE BUILDING AND RELATED <br />FACILITIES BY ROBERT THEEL <br /> <br /> WHEREAS, the City Council of the City of Santa Ana <br />(the "City") has adopted its Ordinance No. NS-1609 (the <br />"Ordinance") authorizing the City to issue and sell its <br />bonds, notes, interim certificates, debentures or other <br />obligations ("Bonds") pursuant to the City Charter for the <br />purpose of providing financing for the acquisition, <br />rehabilitation, construction and improvement of industrial <br />and commercial projects located within the City; <br /> <br /> WHEREAS, Robert Theel ("Developer") has requested <br />the City to issue and sell its revenue bonds for the purpose <br />of financing the construction and rehabilitation of a <br />commercial office building and related facilities (the <br />"Project"), to be constructed by the Developer within the <br />City, and the City Council wishes to induce the Developer to <br />construct and develop the Project in the City; and <br /> <br /> WHEREAS, it is in the public interest, for the <br />public benefit and in furtherance of the public purposes of <br />the City that the City Council authorizes Bonds for the <br />aforesaid purposes; <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AS FOLLOWS: <br /> <br /> 1. The City Council hereby authorizes the issuance <br />and sale of Bonds of the City pursuant to the City Charter <br />and the procedures specified in the Ordinance in a principal <br />amount of not to exceed Two Million Dollars ($2,000,000) for <br />the purpose of financing the construction and rehabilitation <br />and improvement of the Project located at 309 N. Main <br />Street. Such authorization is for the purpose of inducing <br />the Developer to undertake to construct and develop the <br />Project and, in particular, to do so at such location. <br /> <br /> 2. · The issuance and sale of said bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by <br />the City, the Developer and the purchaser of said Bonds and <br />shall be issued by resolution of the City Council at a <br />meeting duly held and conducted for such purpose. <br /> <br /> <br />