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029 <br /> <br />RESOLUTION NO. 93-006 <br /> <br />City, 1993B <br /> <br />APPROVING THE FORMS OF AND AUTHORIZING THE <br />EXECUTION AND DELIVERY BY THE CITY OF A SITE <br />LEASE, A LEASE, A TRUST AGREEMENT, AN ESCROW <br />AGREEMENT AND A PURCHASE CONTRACT WITH <br />RESPECT TO THE EXECUTION AND SALE OF CITY OF <br />SANTA ANA CERTIFICATES OF PARTICIPATION <br />(COMMERCIAL FACILITIES REFUNDING PROJECT) <br />SERIES 1993B, AUTHORIZING THE EXECUTION OF <br />SUCH CERTIFICATES IN AN AGGREGATE PRINCIPAL <br />AMOUNT NOT TO EXCEED $2,000,000, AUTHORIZING <br />THE DISTRIBUTION OF AN OFFICIAL STATEMENT IN <br />CONNECTION THEREWITH, AUTHORIZING AND <br />APPROVING EXECUTION OF NECESSARY DOCUMENTS <br />AND RELATED ACTIONS. <br /> <br /> WHEREAS, the City of Santa Aha (the "City") is a <br />municipal corporation duly organized and existing under the <br />Constitution and laws of the State of California; and <br /> <br /> WHEREAS, the Community Redevelopment Agency of the City <br />of Santa Aha (the "Agency") is a redevelopment agency duly <br />created, established and authorized to transact business and <br />exercise its powers, all under and pursuant to the Community <br />Redevelopment Law, being Section 33000 and following of the <br />Health and Safety Code of the State of California; and <br /> <br /> WHEREAS, the city has heretofore leased certain real <br />property (the "Site") to the Agency pursuant to a Site Lease, <br />dated as of June 1, 1983 (the "1983 Site Lease"); and <br /> <br /> WHEREAS, the Agency has heretofore subleased the Site <br />to the City pursuant to a Lease Agreement, dated as of June 1, <br />1983 (the "1983 Lease") under the terms of which the Agency <br />agreed to cause the acquisition and construction of certain <br />commercial facilities and related improvements (the "Project"); <br />and <br /> <br /> WHEREAS, the City, pursuant to the 1983 Lease is <br />required to make certain base rental payments to the Agency; and <br /> <br /> WHEREAS, the Agency assigned its right to receive such <br />base rental payments to First Interstate Bank of California (the <br />"1983 Trustee"); and <br /> <br /> WHEREAS, the 1983 Trustee, the Agency and the city have <br />heretofore entered into a Trust Agreement, dated as of June 1, <br />1983 pursuant to which the 1983 Trustee executed and delivered <br />certificates of participation (the "1983 Certificates") <br /> <br /> <br />