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RESOLUTION NO. 83-51 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING THE SALE OF 52,900,000 <br />AGGREGATE PRINCIPAL AMOUNT OF COMMERCIAL REVENUE <br />BONDS (SANTORA PROJECT) OF THE CITY; APPROVING <br />A PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING <br />CERTAIN ACTIONS WITH RESPECT THERETO: AND <br />AUTHORIZING THE EXECUTION OF A BOND PURCHASE <br />AGREEMENT, A LOAN AGREEMENT AND AN INDENTURE <br />OF TRUST AND RELATED DOCUMENTS RELATED TO <br />SAID BONDS <br />WHEREAS, this Council has passed and adopted Ordinance <br />No. NS -1609 which now constitutes Chapter 28 of the Santa <br />Ana Municipal Code, which authorizes the City to sell its <br />bonds, notes, interim debentures or other obligations <br />pursuant to the City Charter, for the purpose of providing <br />financing for the acquisition, rehabilitation, construction <br />and improvement of industrial and commercial projects <br />located within the City; and <br />WHEREAS, there have been presented to this Council <br />certain agreements and related documents pertaining to the <br />issuance and sale of, the security for and the use of <br />proceeds of the City's Commercial Revenue Bonds (Santora <br />Project) dated April 1, 1983 (the "Bonds"); and <br />WHEREAS, this Council has reviewed such agreements and <br />related documents; and <br />WHEREAS, the issuance, sale and delivery of the Bonds <br />will further the public purposes of the City as set forth in <br />Chapter 28 of the Municipal Code, and approval of said <br />agreements on related documents will be in the public <br />interest and for the public benefit: <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Santa Ana that: <br />1. That the following <br />submitted to this Council or in <br />changes therein, not adverse <br />approved by Bond Counsel ane <br />approval to be conclusively <br />thereof as authorized herein) <br />approved, and that the Mayoz <br />hereby authorized to execute anc <br />documents (each in the form <br />such form together with such <br />to the City, as shall be <br />the City Attorney, such <br />evidenced by the execution <br />be and they are hereby <br />or his designee be and is <br />deliver each such document: <br />