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RESOLUTION NO. 84-110 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING AN ISSUANCE OF BONDS BY THE <br />INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF <br />SANTA ANA FOR RITCHEY CENTER NORTH. <br /> <br /> WHEREAS, The Industrial Development Authority of the <br />City of Santa Ana (the "Authority") has approved and filed <br />with this City Council an application (the "Application") from <br />Ritchey Center North, (the "Applicant") requesting that the <br />Authority issue its revenue bonds pursuant to the California <br />Industrial Development Financing Act, Government Code Sections <br />91500 et seq. (the "Act"), to finance the construction and <br />improvement of certain facilities (the "Project") to be used <br />by the Applicant; and <br /> <br /> WHEREAS, the Board of Directors of the Authority has <br />made the determinations required to be made by it pursuant to <br />Section 91530(c) of the Act preliminary to the issuance by the <br />Authority of such revenue bonds; and <br /> <br /> WHEREAS, this City Council has considered the <br />information contained in the aforesaid application and has <br />considered the determinations of the Board of Directors of the <br />Authority; and <br /> <br /> WHEREAS, this City Council has duly held a public <br />meeting with respect to the Project and the financing in <br />accordance with Section 103(k) of the Internal Revenue Code <br />1954, as amended. <br /> <br />of <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AS FOLLOWS: <br /> <br /> 1. The City Council hereby approves the Application and <br />the Project, subject to fulfillment of all requirements under <br />the Act, and approves the issuance of revenue bonds of the <br />Authority to finance costs of the Project, which bonds and the <br />interest thereon shall be paid from revenues received by the <br />Authority from the Applicant pursuant to a financing agreement <br />with respect to the Project to be entered into between the <br />Authority and the Applicant. <br /> <br /> 2. The Clerk of the Council is hereby directed to <br />certify and deliver this resolution to the Authority and to <br />transmit to the Authority copies of any assessments, <br />supporting studies, notices, certifications, declarations and <br />environmental impact reports, and statements of agencies in <br /> <br /> <br />