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WHEREAS, under and pursuant to the above referenced <br />Resolution, the Agency has authorized the issuance of <br />$20,000,000 City of Santa Ana Community Redevelopment Agency, <br />City of Santa Ana Redevelopment Project Tax Allocation <br />Refunding Bonds 1985 Series E (the "Bonds"); <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED <br />BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, CALIFORNIA, AS <br />FOLLOWS: <br /> <br /> Section 1. Approval of Issuance of Bonds. The City <br />Council hereby approves the issuance of the Bonds in order to <br />aid in the refunding of a contractual obligation of the Agency <br />and for other purposes related thereto, all of which constitute <br />a "redevelopment activity", as such term is defined in Health <br />and Safety Code Section 33678, pursuant to the terms of the <br />Agency Resolution referenced in the recitals hereof. <br /> <br /> Section 2. Effective Date. This Resolution shall <br />take effect upon adoption. <br /> <br />PASSED, APPROVED AND ADOPTED this 17th day of December <br /> <br />1985. <br /> <br />Mayor, City of Santa Ana <br /> <br />ATTE ST: <br /> <br />City Clerk of the City of <br />Santa Ana <br /> <br />City ^ttom ¥ <br /> <br />0061k/2281/05 <br /> <br />-2- <br /> <br /> <br />