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RESOLUTION NO. 84- 24 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING THE APPLICATION OF CIVIC <br />CENTER MEDICAL ARTS ASSOCIATES FOR INDUSTRIAL <br />DEVELOPMENT BOND FINANCING PURSUANT TO CHAPTER 28 <br />OF THE SANTA ANA MUNICIPAL CODE <br /> <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 <br />Charter, for the purpose of providing financing for the <br />acquisition, rehabilitation, construction and improvement of <br />industrial and commercial projects located within the City; <br />and <br /> <br /> WHEREAS, Civic Center Medical Arts Associates has <br />submitted an application for such financing for a project <br />consisting of a commercial building on property located at <br />500 W. Santa Ana Boulevard in the City of Santa Ana; and <br /> <br /> WHEREAS, this Council has reviewed said <br />application and accompanying staff report; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> 1. This Council finds and determines that the <br />proposed project as described in the application promotes <br />the long-term employment of the residents of the City; will <br />not adversely affect areas outside the boundaries of the <br />City or transient residents of the State; and is in the <br />public interests of the City, a valid exercise of the police <br />powers of the City, and a public purpose in which the City <br />has a peculiar and unique interest. <br /> <br /> 2. This Council accepts and approves the said appli- <br />cation and the participation of the City in the financing of <br />said project, subject to the provisions of Chapter 28 of the <br />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 /> <br />ADOPTED, this 19th day of March <br /> <br />, 1984. <br /> <br />Robe~uxembourger, ~or <br /> <br /> <br />