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RESOLUTION NO. 82- 158 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE APPLICA- TION OF PARKSIDE PLAZA FOR INDUSTRIAL DEVELOPMENT NOTE 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 deben- tures, 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, Parkside Plaza, a joint venture, has submitted an application for such financing for a project consisting of an office building on property located at Fourth and Ross Streets in the City of Santa Ana; and WHEREAS, this Council has reviewed the said application and accompanying staff report. NOW, THEREFORE, the City Council of the City of Santa Ana hereby resolves as follows: 1. This Council finds and determines that the pro- posed 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 accepts and approves the said application and the participation of the City in the financing of the said project, subject to the provisions of Chapter 28 of the Santa Ana Municipal Code and the con- clusion of all proceedings undertaken to consummate such financing to the satisfaction of the City. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Santa Ana, held on the 6th day of December, 1982, by the following vote, to wit: -1-