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<br />(JWF 2/01/05) <br /> <br />RESOLUTION NO. 2005-020 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING AND DIRECTING THE <br />EXECUTION OF CERTAIN LEASE FINANCING <br />DOCUMENTS AND AUTHORIZING AND DIRECTING <br />CERTAIN ACTIONS WITH RESPECT THERETO. <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 />A. <br /> <br />The City proposes to finance the costs of the construction of a <br />parking structure on City-owned property located adjacent to the <br />proposed State Appellate Court Building in Santa Ana, California <br />(the "Improvements"); <br /> <br />B. <br /> <br />The City has determined to finance the Improvements by entering <br />into a site lease (the "Site Lease") and a lease agreement (the <br />"Lease Agreement") with the Santa Ana Financing Authority (the <br />"Authority"); <br /> <br />C. <br /> <br />The Authority intends to assign its rights under the Site Lease and <br />the Lease Agreement to one or more purchasers to be identified by <br />SunTrust Leasing Corporation, as placement agent; <br /> <br />D. <br /> <br />It is in the public interest and for the public benefit that the City <br />authorize and direct execution of the Site Lease and the Lease <br />Agreement with the Authority and certain other financing <br />documents in connection therewith; and <br /> <br />E. <br /> <br />The documents below specified have been filed with the City and <br />the members of the Council, with the aid of its staff, shall review <br />said documents; <br /> <br />Section 2. The below-enumerated documents be and are hereby approved, and <br />the Mayor, the City Manager, the Finance Director, or the designee of any such official, <br />is hereby authorized and directed to execute said documents, with such changes, <br />insertions and omissions as may be approved by such official, and the City Clerk is <br />hereby authorized and directed to attest to such official's signature: <br /> <br />Resolution No. 2005-020 <br />Page 1 of 3 <br />