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005 JHHW:BDQ:mym 11/27/84 <br /> ', :ebb 11128/84 <br /> <br />of <br /> prtr <br /> Cha~ <br /> NS-1 <br />to <br /> "Co~ <br /> Agr( <br /> Com <br /> nei( <br /> reti <br /> tog~ <br /> loc~ <br /> nori <br /> <br />of l <br />Ban~ <br /> <br />Uni( <br /> <br />hea~ <br />Int~ <br /> <br />Tru~ <br /> <br />of <br /> <br />ANA <br /> <br />aut <br /> <br />RESOLUTION NO. 84- 158 <br /> <br /> RESOLUTION OF THE CITY COUNCIL OF THE <br /> CITY OF SANTA ANA AUTHORIZING THE ISSUANCE <br /> AND SALE OF $6,800,000 PRINCIPAL AMOUNT OF <br />COMMERCIAL REVENUE BONDS (URBATEC PROJECT), APPROVING <br />RELATED DOCUMENTS AND AUTHORIZING OFFICIAL ACTION <br /> <br />WHEREAS, the City of Santa Ana (the "City") proposes to issue its City <br />anta Ana Commercial Revenue Bonds. (Urbatec Project) in the aggregate <br />cipal amount of $6,800,000, under and pursuant to the provisions of <br />ter 28 of the Santa Aha Municipal Code, enacted pursuant to Ordinance No. <br />609 adopted by the City Council on November 16, 1981 (the "Law"), in order <br />)rovide funds to make a loan to Urbatec, a California corporation (the <br />party"), pursuant to the terms of a proposed Loan Agreement (the "Loan <br />ement"), dated as of December l, 1984, by and between the City and the <br />any, to finance the acquisition, construction and improvement of a <br />hborhood shopping center, including a market, drug store, restaurant and <br />il shopping facilities aggregating approximately 120,000 square feet, <br />ther with parking facilities, landscaping and related facilities to be <br />ted in the City on an approximately 8.5 acre parcel of land located at the <br />heast corner of First and Spurgeon Streets (the "Project"); and <br /> <br /> WHEREAS, the Bonds are to be issued under and pursuant to an Indenture <br />rust (the "Indenture"), dated as of December l, 1984, between the City and <br />America Trust Company of New York, as trustee (the "Trustee"); and <br /> <br />WHEREAS, the Bonds are to be secured by a letter of credit issued by <br />n-Bank; and <br /> <br /> WHEREAS, the City Council has heretofore called and conducted a public <br />tng on the issuance of the Bonds as required by Section 103(k) of the <br />rnal Revenue Code of 1954, as amended; and <br /> <br /> WHEREAS, BankAmerica Capital Markets Group (Bank of America National <br />t and Savings Association), as placement agent, intends to submit to the <br /> 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 />ortzes the issuance of the Bonds pursuant to and in accordance with the <br /> <br /> <br />