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<br />. <br /> <br />. <br /> <br />. <br /> <br />mm <br /> <br />3. <br /> <br />RECONVENE - COUNCIL CHAMBERS <br /> <br />CLOSED SESSION <br /> <br />4. <br /> <br />RESOUJTIONS <br /> <br />A. <br /> <br />A8 265 (CHAPTER 1135, STATUTES OF 1985) RESIDENTIAL SET-ASIDE <br />COMPLIANCE FINDING <br /> <br />RedevelQDment A2encv ActiQn: <br /> <br />AdQPt a resQlutiQn. <br /> <br />RESOUJTION NO. 89-14: <br /> <br />A ResQluUQn Qf the CQlIIIIIUt1ity RedevelQpment Agency Qf the City Qf <br />Santa Ana making certain findings pursuant tQ SectiQn 33334.2 Qf the <br />CQmmunity RedevelQpment Law fQr Fiscal Year 1989-90. <br /> <br />RedevelQDment CQmmissiQn RecQmmendatiQn: RecQmmend that the <br />RedevelQpment Agency adQPt a resQlutiQn finding that the Agency is <br />exempt frQm the requirement Qf apprQpriating 20 percent Qf the tax <br />increment in the Central City PrQject Area fQr lQW and mQderate incQme <br />hQusing because a substantial effQrt tQ meet these hQusing needs is <br />being made thrQugh a cQmbinatiQn Qf CQmmunity DevelQpment B1Qck Grant <br />funds and the tax increment revenues frQm the Qther fQur prQject <br />areas, by a VQte Qf 5:0 (RQsenQw and Esparza absent). <br /> <br />MOTION: <br /> <br />SECOND: <br /> <br />VOTE: <br /> <br />B. <br /> <br />AUTHORIZATION OF THE ISSUANCE OF 1989 TAX AU.DCATION BONDS REFUNDING <br />1985 SERIES A-D <br /> <br />RedevelQDment A2encv ActiQn: <br /> <br />Adopt a resQlutiQn, <br /> <br />RESOUJTION NO. 89-15: <br /> <br />A ResQlutiQn Qf the CQmmunity RedevelQpment Agency Qf the City Qf <br />Santa Ana authQrizing the issuance Qf 1989 tax allQcatiQn refunding <br />bQnds (1985 series A thrQugh D bQnds) , apprQving indentures Qf trust <br />relating theretQ, authQrizing sale Qf such bQnds, apprQving <br />substitutiQn Qf remarketing agent and Qfficial statement, and <br />authQrizing Qfficial actiQn. <br /> <br />-3- <br />