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-, ,185 <br />JI-iHW:TAD:cep 12/16/91 <br /> 2/27/92 ' '~ <br /> <br />29033-23 <br /> <br />RESOLUTION NO. 92- .02- 4 <br /> <br />A RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND DELIVERY <br />OF VARIABLE RATE DEMAND INDUSTRIAL DEVELOPMENT REVENUE <br />REFUNDING BONDS (CMC CENTER MEDICAL ARTS PROJECT), 1992 <br />SERIES A, AUTHORIZING THE EXECUTION AND DELIVERY OF AN <br />INDENTURE OF TRUST, LOAN AGREEMENT, PRELIMINARY OFFICIAL <br />STATEMENT, BOND PURCHASE AGREEMENT AND INTERCREDITOR <br />AGREEMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF <br />AND APPROVING OTHER RELATED DOCUMENTS AND APPROVING <br />OTHER I~EIATED ACTIONS IN CONNECTION THEREWITH <br /> <br /> WHEREAS, the City of Santa Aha, California (the "City") is a chartered city and <br />municipal corporation, organized and existing under the laws of the State of California <br />and is empowered under the provisions of Ordinance No. NS-1609 of the City (the "Act") to <br />make and execute contracts and other instruments and documents and issue and sell its <br />bonds necessary or convenient for the purpose of facilitating the financing or refinancing <br />of the acquisition and construction of industrial development facilities and the <br />refinancing thereof located within the City; <br /> <br /> WHEREAS, the Civic Center Medical Arts Associates, a California limited <br />partnership, (the "Borrower") has applied to the City to issue and sell its bonds for the <br />purpose of refinancing the acquisition and construction of certain industrial development <br />facilities located within the geographic boundaries of the City (the "Project"); and <br /> <br /> WHEREAS, it is in the public interest, for public benefit and in furtherance of the <br />public purposes of the City that the City Council of the City provide approval of the <br />issuance of its refunding bonds for the aforesaid purposes; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA AS FOLLOWS: <br /> <br /> Section 1. The City Council hereby finds and declares that the above recitals are <br />true and correct. <br /> <br /> Section2. Pursuant to the Act and the Indenture (hereinafter defined), <br />industrial development revenue refunding bonds of the City, designated as "City of Santa <br />Ana Variable Rate Demand Industrial Development Revenue Refunding Bonds (Civic <br />Center Medical Arts Project), 1992 Series A" in an aggregate principal amount not to <br />exceed $4,168,000 (the "Bonds"), are hereby authorized to be issued. The Bonds shall be <br />executed by the manual or facsimile signature of the Mayor, the seal or facsimile of the <br />seal of the City shall be reproduced thereon and attested by the manual or facsimile <br />signature of the City Clerk, in the form set forth in and otherwise in accordance with the <br />Indenture. <br /> <br /> Section 3. The proposed form of indenture of trust (the "Indenture") between the <br />City and Seattle-First National Bank, as trustee (the "Trustee"), in substantially the form <br />presented to this meeting, is hereby approved. The Mayor, Vice Mayor, City Manager, <br /> <br /> <br />