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RESOLUTION NO. 2003-045 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING ISSUANCE BY THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA OF ITS SANTA. ANA SOUTH MAIN <br />STREET REDEVELOPMENT PROJECT TAX <br />ALLOCATION BONDS, SERIES 2003A, AND ITS SANTA <br />ANA SOUTH MAIN STREET REDEVELOPMENT <br />PROJECT TAX ALLOCATION REFUNDING BONDS, <br />SERIES 2003B, AND PROVIDING OTHER MATTERS <br />PROPERLY RELATING THERETO <br /> <br />bk:4/29/03 <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br /> Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br /> <br />The Community Redevelopment Agency of the City of Santa Ana (the <br />"Agency") proposes to issue its not to exceed $25,000,000 aggregate <br />principal amount of Community Redevelopment Agency of the City of <br />Santa Ana Santa Aha South Main Street-Tax Allocation Bonds, Series <br />2003A (the "Series A Bonds"), and its not to exceed $39,000,000 <br />aggregate principal amount of Community Redevelopment Agency of the <br />City of Santa Ana Santa Ana South Main Street Tax Allocation Refunding <br />Bonds, Series 2003B (which, together with the Series 2003A Bonds, <br />collectively referred to hereinafter as the "Bonds"), under and pursuant to <br />the provisions of Part 1 of Division 24 (commencing with Section 33000) <br />of the Health and Safety Code of the State of California (the "Law") and <br />other applicable laws, for the purpose 'of financing and refinancing <br />redevelopment activities with respect to the Agency's Santa Aha South <br />Main Street Redevelopment Project. <br /> <br />B= <br /> <br />Section 33640 of the Law requires the Agency to obtain the approval of <br />the City Council of the City of Santa Ana prior to issuance of the Bonds. <br /> <br />C= <br /> <br />The City Council approves of the issuance of the Bonds as being in the <br />public interests of the City of Santa Aha and of the Agency. <br /> <br /> Section 2. The City Council of the City of Santa Ana approves the issuance of <br />the Bonds by the Community Redevelopment Agency of the City of Santa Ana, as <br />hereinabove described. <br /> <br />Resolution No. 2003-045 <br /> Page 1 of 2 <br /> <br /> <br />