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WHEREAS, the members of the City Council are the applicable <br /> elected representatives to conduct a public hearing regarding <br /> the issuance of such revenue bonds; and <br /> <br /> WHEREAS, the City Council has conducted a public hearing <br />regarding the issuance of revenue bonds for the Project and <br />determined it to be in the public interest to issue revenue <br />bonds, the proceeds of which will be loaned to the lender here- <br />inafter mentioned which will in turn originate a loan to the <br />Developer for the Project; and <br /> <br /> WHEREAS, the City Council has heretofore adopted a resolu- <br />tion approving the application of the Developer for financing <br />for the ProjeCt pursuant to Ordinance No. NS-1609; and <br /> <br /> WHEREAS, all acts, conditions and things required by the <br />Charter of the City, Ordinance No. NS-1609 and all laws of the <br />State of California to exist, to have happened and to have been <br />performed precedent to and in connection with the issuance of <br />the aforesaid revenue bonds exist, have happened, and have been <br />performed in regular and due time, form and manner as required <br />by law, and the City is now duly authorized and empowered, pur- <br />suant to each and every requirement of law, to issue such <br />revenue bonds for the purpose, in the manner and upon the terms <br />herein provided; <br /> <br /> NOW, THEREFORE, the City Council of the City of Santa Ana <br />hereby resolves as follows: <br /> <br />-2- <br /> <br /> <br />