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RESOLUTION NO. 83-1 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING THE APPLICATION OF KILKENNY <br />ASSOCIATES FOR INDUSTRIAL DEVELOPMENT BOND FINANCING <br />PURSUANT TO CHAPTER 28 OF THE SANTA ANA MUNICIPAL <br />CODE <br />WHEREAS, Chapter 28 of the Santa Ana Municipal <br />Code authorizes the City to sell its bonds, notes, interim <br />debentures, or other obligations pursuant to the City Chart- <br />er, for the purpose of providing financing for the acquisi- <br />tion, rehabilitation, construction and improvement of indus- <br />trial projects located within the City; and <br />WHEREAS, Kilkenny Associates has submitted an <br />application for such financing for a project consisting of <br />an office building on property located on North Broadway in <br />the City of Santa Ana; and <br />WHEREAS, this Council has reviewed the said appli- <br />cation and accompanying staff report. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br />1. This Council finds and determines that the proposed <br />project as described in the application promotes the long- <br />term employment of the residents of the City; will not ad- <br />versely affect areas outside the boundaries of the City or <br />transient residents of the State; and is in the public inter- <br />ests of the City, a valid exercise of the police powers of <br />the City, and a public purpose in which the City has a pecu- <br />liar and unique interest. <br />2. This Council accepts and approves the said appli- <br />cation and the participation of the City in the financing of <br />the said project, subject to the provisions of Chapter 28 of <br />the Santa Ana Municipal Code and the conclusion of all pro- <br />ceedings undertaken to consummate such financing to the <br />satisfaction of the City. <br />