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REL:adg <br />11/9/82 <br /> <br />RESOLUTION NO. 82-152 <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 />ACQUISITION OF MACHINERY AND EQUIPMENT <br />AND RELATED FACILITIES BY CROUSTILLE <br />BAKING CO., INC. <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, Croustille Baking Co., Inc., a <br />corporation has requested the City to issue and sell its <br />revenue bonds for the purpose of financing the acquisition <br />and installation of machinery and equipment and related <br />facilities (the "Project"), to be constructed by the Company <br />within the City, and the City Council wishe~ to induce the <br />Company to construct and develop the Project in the City; <br />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 Three Million Dollars <br />($3,000,000.00) for the purpose of financing the <br />acquisition, construction and improvement of the Project <br />located at 2910 W. Garry. Such authorization is for the <br />purpose of inducing the Developer to undertake to construct <br />and develop the Project and, in particular, to do so at such <br />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 Company 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 />