Laserfiche WebLink
337(F JHHW:CFA:dfd 11/24/84 <br /> <br /> Sani <br /> agg~ <br /> Cha) <br /> 160! <br /> pro~ <br /> (th( <br />Agr( <br /> to f <br /> ceni <br /> agg~ <br /> lan( <br />8.2( <br /> Fir: <br /> <br />Tru: <br /> Int( <br /> <br /> Call <br /> <br /> heal <br /> Rev( <br /> <br /> subn <br /> <br /> the <br /> <br />AS <br /> <br /> the <br /> pro) <br /> inc( <br /> the <br /> Pur( <br /> <br />RESOLUTION NO. 84- 157 <br /> <br /> RESOLUTION OF THE CITY COUNCIL OF THE <br /> CITY OF SANTA ANA AUTHORIZING THE SALE <br /> OF $3,500,000 PRINCIPAL AMOUNT OF <br />COMMERCIAL REVENUE BONDS (McCALLA CENTRE <br />PROJECT), APPROVING RELATED DOCUMENTS AND <br /> AUTHORIZING OFFICIAL ACTION <br /> <br /> WHEREAS, the City of Santa Ana (the "City") proposes to issue its City of <br />a Ana Commercial Revenue Revenue Bonds (McCalla Centre Project) in the <br />egate principal amount of $3,500,0D0, under and pursuant to the provisions of <br />ter 28 of the Santa Ana Municipal Code, enacted pursuant to Ordinance No. NS- <br />adopted by the City Council on November 16, 1981 (the "Law"), in order to <br />ide funds to make a loan to McCalla Centre, a California general partnership, <br />"Company") pursuant to the terms of a proposed Loan Agreement (the "Loan <br />ement"), dated as of December 1, 1984, by and between the City and the Company <br />inance the acquisition, construction and improvement of a neighborhood shopping <br />er, including a market, drug store, restaurant and retail shopping facilities <br />egating approximately 110,0D0 square feet, together with parking facilities, <br />scaping and related facilities to be located in the City on an approximately <br />acre parcel of land located at the northwest corner of Harbor Boulevard and <br />t Street (the "Project"); and <br /> <br /> WHEREAS, the Bonds are to be issued under and pursuant to an Indenture of <br />t (the "Indenture"), dated as of December 1, 1984, between the City and First <br />rstate 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 />fornia First Bank; and <br /> <br /> WHEREAS, the City Council has heretofore called and conducted a public <br />lng on the issuance of the Bonds as required by Section 103(k) of the Internal <br />nue Code of 1954, as amended; and <br /> <br /> WHEREAS, Rauscher Pierce Refsnes, Inc., as placement agent, intends to <br />it to the City an offer from certain purchasers to purchase the Bonds; and <br /> <br /> WHEREAS, the City approves of said transactions in the public interests of <br />City; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, <br />DLLOWS: <br /> <br />Section 1. Issuance and Sale of Bonds. The City Council hereby authorizes <br />issuance of the Bonds pursuant to and in accordance with the terms and <br />isions of the Law and the Indenture, all of which terms and provisions are <br />rporated herein by reference. The Bonds are hereby authorized to be sold to <br />purchasers thereof pursuant to and in accordance with the terms of the Bond <br />hase Agreement therefor (the "Bond Purchase Agreement") in substantially the <br /> <br /> <br />