Laserfiche WebLink
RESOLUTION NO. 83-10 <br />A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA <br />CONCERNING THE ISSUANCE OF REVENUE BONDS TO <br />FINANCE THE ACQUISITION AND IMPROVEMENT OF <br />WESTERN MEDICAL CENTER <br />WHEREAS, the City of Santa Ana (the "City") is a <br />municipal corporation and charter city duly organized and <br />existing under a freeholders' charter pursuant to which the <br />City has the right and power to make and enforce all laws and <br />regulations in respect to municipal affairs and certain other <br />matters in accordance with and as more particularly provided <br />in Sections 3, 5 and 7 of Article XI of the Constitution of <br />the State of California and Section 200 of the charter of the <br />City (the "Charter"); <br />WHEREAS, the City Council of the City acting under <br />and pursuant to the powers reserved to the City under <br />Sections 3, 5 and 7 of Article XI of the Constitution of the <br />State of California and Section 200 of the Charter, finds <br />that the public interest and necessity require the <br />establishment of a program for the authorization, sale and <br />issuance of health facility revenue bonds by the City for the <br />purpose of making loans such as that described herein; <br />WHEREAS, in connection with the operation of the <br />health facility in the City (the "Project"), Western Medical <br />Center (the "Corporation") has requested the financial <br />assistance of the City; <br />WHEREAS, the City desires to assist the Corporation <br />in the financing of the Project; and <br />WHEREAS, the City deems it necessary and essential <br />and a proper public purpose that the Project be financed at <br />the earliest practicable date; the Corporation requires <br />satisfactory assurance from the City that the proceeds of the <br />sale of bonds of the City will be made available to assist in <br />the financing of the Project; and the City requires <br />satisfactory assurance from the Corporation that certain <br />costs of issuing such bonds will be paid by the Corporation <br />and that the Corporation as part of the consideration for <br />such financial assistance, will provide certain health <br />services for and within the City during the term of such <br />bonds; <br />NOW THEREFORE, BE IT RESOLVED by the City Council <br />of the City of Santa -Ana., as follows: <br />