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RESOLUTION NO. 82- 159 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA, CALIFORNIA, AUTHORIZING THE ISSUANCE OF <br />AN INDUSTRIAL DEVELOPMENT REVENUE NOTE, APPROVING <br />THE FORM OF AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF LOAN AGREEMENT AND CERTAIN OTHER <br />AGREEMENTS IN CONNECTION WITH THE PARKSIDE PLAZA <br />DEVELOPMENT <br /> <br /> WHEREAS, the City of Santa Ana, California (the <br />"City"), is a municipal corporation, duly organized and <br />existing under the constitution and the laws of the State of <br />California and the Charter of the City; and <br /> <br /> WHEREAS, the City is authorized to provide <br />financing for commercial structures pursuant to <br />No. NS-1609 of the City; <br /> <br />permanent <br />Ordinance <br /> <br /> WHEREAS, PARKSIDE PLAZA, a joint venture organized <br />under the laws of the State of California (the "Developer") <br />has constructed a multi-tenanted office building located on <br />the site more particularly described in Exhibit A attached <br />to the Loan Agreement hereinafter described (the "Project"); <br />and <br /> <br /> WHEREAS, the Community Redevelopment Agency of the City <br />of Santa Ana (the "Agency") adopted its Resolution No. 80-39 <br />on April 21, 1980 declaring its intent to finance the <br />Project; and <br /> <br /> WHEREAS, the City Council of the City has adopted <br />Resolution No. 82-158 on December 6, 1982 approving the <br />application of the Developer for permanent financing for the <br />Project pursuant to Ordinance No. NS-1609 of the City. <br /> <br /> NOW, THEREFORE, the City Council of the City of Santa <br />Ana hereby resolves as follows: <br /> <br /> ARTICLE I <br /> <br />GRANTING CLAUSES, DEFINITIONS, LEGAL <br /> <br />AUTHORIZATION AND FINDINGS <br /> <br /> 1.01 <br />context hereof shall <br />meanings as used in <br /> <br />Definitions. The terms used herein, <br /> require otherwise, <br /> the Loan Agreement <br /> <br /> unless the <br />shall have the same <br />attached hereto as <br /> <br />-1- <br /> <br /> <br />