Laserfiche WebLink
RESOLUTION NO. 85-85 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />APPROVING AN APPLICATION FOR A PROJECT COMPRISED OF ACQUISI- <br />TION, CONSTRUCTION AND REHABILITATION OF AN ENTERTAINMENT <br />RETAIL SHOPPING DISTRICT AND RELATED FACILITIES AND THE <br />ISSUANCE OF INDUSTRIAL DEVELOPMENT BONDS OF THE CITY OF <br />SANTA ANA THEREFOR. <br /> <br /> WHEREAS, the City of Santa Aha, California (the "City") <br />is a charter city duly created and existing under the laws <br />and Constitution of the State of California; and <br /> <br /> WHEREAS, the City Council of the City has adopted its <br />Ordinance No. NS-1609 (the "Act") authorizing the City to <br />issue and sel~ its bonds, notes, interim certificates, <br />debentures or other obligations ("Bonds") pursuant to the <br />City Charter for the purpose of providing financing for the <br />acquisition, rehabilitation, construction and improvement of <br />commercial projects located within the City; and <br /> <br /> WHEREAS, on January 21, 1985, the City Council adopted <br />Resolution No. 85-12 entitled "A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />BONDS FOR THE PURPOSE OF PROVIDING FINANCING FOR THE ACQUI- <br />SITION AND CONSTRUCTION OF A FESTIVAL SHOPPING CENTER AND <br />RELATED FACILITIES BY THE GREATER EASTERN DEVELOPMENT <br />CORPORATION" (the "Initial Inducement Resolution") wherein <br />the City, among other things, approved the issue of the <br />Bonds pursuant to the Act in an aggregate amount not to <br />exceed $6,000,000; and <br /> <br /> WHEREAS, on June 25, 1985, Fiesta Marketplace Partners <br />("Developer") as successor to Greater Eastern Development <br />Corporation submitted an application pursuant to <br />Section 28-5 of the Act (the "Applioation") to the City <br />requesting financing for the acquisition, construction and <br />rehabilitation of an entertainment and retail shopping <br />district to be known as Fiesta Marketplace (the "Project"); <br />and <br /> <br /> WHEREAS, on July 15, 1985, the City Council adopted <br />Resolution No. 85- entitled "A SUPPLEMENTAL RESOLUTION OF <br />THE CITY COUNCIL OF---THE CITY OF SANTA ANA AUTHORIZING THE <br />ISSUANCE OF BONDS FOR THE PURPOSE OF PROVIDING FINANCING FOR <br />THE ACQUISITION, CONSTRUCTION AND REHABILITATION OF AN <br />ENTERTAINMENT RETAIL SHOPPING DISTRICT AND RELATED FACILI- <br />TIES BY THE FIESTA MARKETPLACE PARTNERS" wherein the City <br />Council, among other things, increased the size of the <br /> <br /> <br />