Laserfiche WebLink
RESOLUTION NO. 2003-033 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING DELIVERY AND SALE OF <br />CERTIFICATES OF PARTICIPATION IN THE MAXIMUM <br />PRINCIPAL AMOUNT OF $20,000,000 TO REFUND 1993 <br />CERTIFICATES OF PARTICIPATION, AND APPROVING <br />RELATED DOCUMENTS AND ACTIONS <br /> <br />bk:2/11/03 <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br /> Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br /> <br />The City of Santa Ana, California (the "C t "' <br /> y ) is currently obligated to pay <br />lease payments with respect to the following outstanding certificates of <br />participation: <br /> <br />(1) <br /> <br />Certificates of Participation (Parking Facilities Refunding Project), <br />Series 1993A executed and delivered in the aggregate principal amount <br />of $16,875,000 (the "1993 Series A Certificates"), which evidence lease <br />payments payable by the City under an Amended and Restated <br />Lease/Purchase Agreement dated as o~f February 1, 1993 (the "1993 <br />Series A Lease Agreement"), between the Community Redevelopment <br />Agency of the City of Santa Ana ("Agency") and the City; <br /> <br />(2) <br /> <br />Certificates of Participation (Commercial Facilities Refunding Project), <br />Series 1993B executed and delivered in the aggregate principal amount <br />of $1,945,000 (the "1993 Series B Certificates"), which evidence lease <br />payments payable by the City under an Amended and Restated <br />Lease/Purchase Agreement dated as of March 1, 1993 (the "1993 <br />Series B Lease Agreement"), between the Agency and the City; and <br /> <br />(3) <br /> <br />Certificates of Participation (Mass Commuting Facility Refunding <br />Project), Series 1993C executed and delivered in the aggregate <br />principal amount of $5,005,000 (the "1993 S eries C Certificates" a nd <br />together with the 1993 Series A Certificates and the 1993 Series B <br />Certificates, the "1993 Certificates"), which evidence lease payments <br />payable by the City under an Amended and Restated Lease/Purchase <br />Agreement dated as of February 1,1993 (the"1993 Series C Lease <br />Agreement" and together with the 1993 Series A Lease Agreement and <br />the 1993 Series B Lease Agreement, the "1993 Lease Agreements"), <br />between the Agency and the City. <br /> <br />Resolution No. 2003-033 <br /> Page 1 of 4 <br /> <br /> <br />