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which all interested persons were given an opportunity to be heard on all <br />matters relative to the financing and operation of the Project and the <br />Authority's issuance of the Bonds therefor; and <br /> <br />Fo <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 through the issuance <br />of multifamily housing revenue bonds for the purpose of the acquisition and <br />rehabilitation of the Project by the Authority pursuant to 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 <br />and subject to the sale of the Bonds by the Authority to the underwriter thereof. <br /> <br /> Section 5. This Resolution shall take effect immediately upon its adoption by the <br />City Council, and the City Clerk shall certify the vote adopting this Resolution. <br /> <br />ADOPTED this 17t~ day of June 2002. <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br /> <br />MiguelA. Pulid~-- ~. ~ ' <br />Mayor <br /> <br />By: ~;. <br /> £is~ ~, Storck - <br /> Assistant City Attorney <br /> <br />AYES: <br /> <br />NOES: <br /> <br />ABSTAIN: <br /> <br />NOT PRESENT: <br /> <br />Councilmembem: <br />Councilmembers: <br />Councilmembers: <br />Councilmembers: <br /> <br />Bist, Christy, Franklin. McGuiaan. Solorio <br />None 10) <br /> <br />None/0) <br /> <br />Alvarez. Pulido ~2~ <br /> <br />Resolution No. 2002-055 <br />Page 2 of 3 <br /> <br /> <br />