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REL:adg <br />11/9/82 <br /> <br />RESOLUTION NO. 82-153 <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 AND CONSTRUCTION OF WAREHOUSE <br />AND RELATED FACILITIES BY BEN S. BUKEWIHGE <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, Ben S. Bukewihge, an individual <br />("Developer") has requested the City to issue and sell its <br />revenue bonds for the purpose of financing the acquisition <br />and construction of a warehouse 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 <br />the City that the City Council authorizes Bonds for the <br />aforesaid purposes; <br /> <br />of <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 Ten Million Dollars ($10,000.00) for <br />the purpose of financing the construction and rehabilitation <br />and improvement of the Project located at 2500 S. Redhill <br />Avenue. 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 /> <br /> <br />