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O0 <br /> <br />of <br /> the <br /> pro <br /> Ord <br /> "La <br /> Ass <br /> ter <br /> Dec <br /> acq <br />of <br /> ret <br /> p~r <br /> Clt <br /> Bou <br /> <br />of <br /> Fir <br /> <br />Bar, <br /> <br />hea <br />Int~ <br /> <br />the <br /> <br />of <br /> <br />AN~ <br /> <br />autl <br /> <br />**SUPERCEDED & AMENDED BY RES. 85-151 dated 12/17/85'** <br /> <br />5Z <br /> <br />JHHW:BDQ:mym <br /> :rmb <br /> :ebb <br /> <br />11/27/84 <br />11/27/84 <br />11/28/84 <br /> <br />RESOLUTION NO. 84-156 <br /> <br /> RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA AUTHORIZING THE ISSUANCE <br />AND SALE OF $4,500,000 PRINCIPAL AMOUNT OF <br />COMMERCIAL REVENUE BONDS (CIVIC CENTER <br />MEDICAL ARTS PROJECT), APPROVING RELATED <br />DOCUMENTS AND AUTHORIZING OFFICIAL ACTION <br /> <br /> WHEREAS, the City of Santa Ana (the "City") proposes to issue its City <br />anta Aha Commercial Revenue Bonds (Civic Center Medical Arts Project) in <br />aggregate principal amount of $4,500,000, under and pursuant to the <br />istons of Chapter 28 of the Santa Ana Municipal Code, enacted pursuant to <br />inance No. NS-1609 adopted by the City Council on November 16, 1981 (the <br />w"), in order to provide funds to make a loan to Civic Center Medical Arts <br />)ciatlon, a California general partnership (the "Company"), pursuant to the <br />ns of a proposed Loan Agreement (the "Loan Agreement"), dated as of <br />)mber l, 1984, by and between the City and the Company to finance the <br />~isitton, construction and improvement of a four-story building consisting <br />three stories of medical and professional suites and one story of related <br />H1 space aggregating approximately 40,000 square feet, together with <br />:lng facilities, landscaping and related facilities to be located in the <br />I on an approximately one acre parcel of land located at 500 West Santa Ana <br />levard (the "Project"); and <br /> <br /> WHEREAS, the Bonds are to be issued under and pursuant to an Indenture <br />Frust (the "Indenture"), dated as of December l, 19B4, between the City and <br /> Interstate Bank of California, as trustee (the "Trustee"); and <br /> <br />WHEREAS, the Bonds are to be secured by a letter of credit issued by <br />ays Bank; and <br /> <br />WHEREAS, the City Council has heretofore called and conducted a public <br />ng on the issuance of the Bonds as required by Section 103(k) of the <br />· hal Revenue Code of 1954, as amended; and <br /> <br /> WHEREAS, Crocker National Bank, as placement agent, intends to submit to <br />City an offer from certain purchasers to purchase the Bonds; and <br /> <br /> WHEREAS, the City approves of said transactions in the public interests <br />:he City; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA <br />AS FOLLOWS: <br /> <br /> Section 1. Issuance and Sale of Bonds. The City Council hereby <br />iortzes the issuance of the Bonds pursuant to and in accordance with the <br /> <br /> <br />