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Notice of said public hearing has been duly given as required by the Code, <br />and this City Council has heretofore held such public hearing at which all <br />interested persons were given an opportunity to be heard on all matters <br />relative to the financing and operation of the Project and the Authority's <br />issuance of the Bonds therefor <br /> <br />The City Council of the City of Santa Ana, as the "applicable elected <br />representative" of the Authority, approves of the issuance of the Bonds as <br />in the public interests of the Authority. <br /> <br /> Section 2. The City Council hereby finds and determines that the foregoing <br />recitals are true and correct. <br /> <br /> Section 3. The City Council hereby approves the financing of the acquisition <br />and rehabilitation of the Project by the Authority under the Law. <br /> <br /> Section 4. The issuance of the Bonds shall be subject to approval by the <br />Authority of all financing documents relating thereto to which the Authority is a party and <br />subject to the sale of the Bonds by the Authority to the underwriter thereof. <br /> <br />Section 5. This resolution shall take effect immediately. <br /> <br />ADOPTED this ~ day of November, 2001. <br /> <br />AYES: <br /> <br />NOES: <br />ABSTAIN: <br /> <br />NOT PRESENT: <br /> <br /> Miguel A. Pulido \ <br /> Mayor <br />:D~'~AS TO~ORM: <br /> <br /> · n Kaufman <br />Assistant City Attorney <br /> <br />Councilmembers: <br />Councilmembers: <br />Councilmembers: <br />Councilmembers: <br /> <br />Bist, Christy, Franklin, McGuigan, Solorio <br /> <br />None <br /> <br />None (0) <br /> <br />Pulido (1) <br /> <br /> <br />