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037 RESOLUTION NO. 93-007 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA CONSENTING TO THE PAYMENT BY THE COMMUNITY REDEVELOPMENT AGENCY OF COSTS TO BE INCURRED FOR PUB- LIC IMPROVEMENTS TO BE OWNED BY THE RANCHO SANTIAGO COMMUNITY COLLEGE DIS- TRICT AND MAKING CERTAIN DETERMINATIONS WITH RESPECT THERETO WHEREAS, the Community Redevelopment Agency of the city of Santa Ana (the "Agency") proposes to enter into an agreement with the Rancho Santiago Community College District (the "District") whereby the Agency commits to reserve a certain portion of its future tax increment revenues from the project area of the Santa Ana South Harbor Boulevard/Fairview Street Redevelopment Project to pay for part of the cost of public improvements to be owned by the District; and WHEREAS, pursuant to section 33679 of the Community Redevelop- ment Law (California Health and Safety Code §§ 33000 et seq.) a summary has been prepared which sets forth: Estimates of the amount of such taxes proposed to be used to pay for land for, and construction of, such improvements, including interest payments; The facts supporting the determinations required to made by this City Council pursuant to section 33445 of the Community Redevelopment Law, as set forth hereinbelow; The redevelopment purpose for which such taxes are being used to pay for the land and construction of such improvements; which summary is attached hereto as Exhibit A, and incorporated herein by reference; and WHEREAS, prior to the approval of the abovesaid agreement, this Council and the Agency have held a joint public hearing on the matter; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: 1. The findings of fact set forth in the summary attached hereto as Exhibit A are hereby approved and adopted. 2. Based upon such findings, this Council determines as