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RESOLUTION NO. 84-87 <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SANTA ANA AUTHORIZING THE SALE AND <br /> ISSUANCE OF ITS LOAN-TO-LENDER MULTIFAMILY <br /> HOUSING REVENUE BONDS, SERIES I984A; APPROV- <br /> ING THE FORM OF AND AUTHORIZING THE EXECU- <br /> TION AND DELIVERY OF THE TRUST INDENTURE, <br /> LENDER LOAN AGREEMENT, AGREEMENT AS TO TAX <br /> EXEMPTION, PRELIMINARY OFFICIAL STATEMENT, <br /> THE BOND PURCHASE CONTRACT ~ CERTAIN DOCU- <br /> MENTS AND AGREEMENTS RELATING THERETO; AND <br /> AUTHORIZING CERTAIN OTHER ACTIONS IN CON- <br /> NECTION THEREWITH <br /> <br /> WI~EREAS, the City of Santa Ana, California (the "City"), is <br />a municipal corporation, duly organized and existing under the <br />constitution and the laws of the State of California and the <br />Charter of the City; and <br /> <br /> WHEREAS, the City is authorized to issue revenue bonds in <br />order to provide financing for commercial structures, including <br />multifamily rental housing projects, pursuant to Ordinance No. <br />NS-1609 of the City; and <br /> <br /> WHEREAS, Fairview Associates, Ltd. (the "Developer") wishes <br />to acquire and rehabilitate a 552-unit apartment complex <br />located at 801-811 Fairview Avenue within the City (the <br />"Project"); and <br /> <br /> WHEREAS, a notice of a public hearing regarding the <br />issuance of revenue bonds for the Project has been duly pub- <br />lished in accordance with the requirements of Section 103(k) of <br />the Internal Revenue Code of 1954, as amended; and <br /> <br /> <br />