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RESOLUTION NO. 85-136 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />AUTHORIZING ISSUANCE OF $6,000,000 FLOATING/FIXED RATE <br />DEMAND BONDS FOR FIESTA MARKETPLACE PARTNERS. <br /> <br /> WHEREAS, the City of Santa Ana (the "City") is a <br />charter city duly created and existing under the laws and <br />constitution of the State of California; and <br /> <br /> WHEREAS, on January 21, 1985, the City Council adopted <br />Resolution 85-12 entitled "A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF BONDS <br />FOR THE PURPOSE OF PROVIDING FINANCING FOR THE ACQUISITION <br />AND CONSTRUCTION OF A FESTIVAL SHOPPING CENTER AND RELATED <br />FACILITIES BY THE GREATER EASTERN DEVELOPMENT CORPORATION" <br />(the "Inducement Resolution") wherein the City, among other <br />things, states its intention to issue industrial development <br />revenue bonds (the "Bonds") pursuant ko the Santa Ana <br />Municipal Code, Chapter 28 (the "Act") in an aggregate <br />amount not to exceed $6,000,000; and <br /> <br /> WHEREAS, on June 25, 1985, Fiesta Marketplace Partners <br />("Company"), as successor to Greater Eastern Development <br />Corporation, submitted an application pursuant to <br />Section 28-5 of the Act (the "Application") 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. 85-86 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 <br />FACILITIES BY THE FIESTA MARKETPLACE PARTNERS" wherein the <br />City Council, among other things, increased the size of the <br />issuance of the Bonds to an aggregate amount not to exceed <br />$10,000,000; and <br /> <br /> WHEREAS, on July 15, 1985, the City adopted Resolution <br />No. 85-85 entitled "A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING AN APPLICATION FOR A PROJECT <br />COMPRISED OF ACQUISITION, CONSTRUCTION AND REHABILITATION OF <br />AN ENTERTAINMENT RETAIL SHOPPING DISTRICT AND RELATED <br />FACILITIES AND THE ISSUANCE OF INDUSTRIAL DEVELOPMENT BONDS <br /> <br /> <br />