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<br />RESOLUTION NO. <br /> <br />84-l8 <br /> <br />. <br /> <br />RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY <br />REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF <br />TAX ALLOCATION BONDS IN THE APPROXIMATE <br />PRINCIPAL AMOUNT OF NOT TO EXCEED NINETEEN MILLION <br />($l9,000,000) IN CONNECTION WITH THE SOUTH <br />MAIN STREET REDEVELOPMENT PROJECT, AND <br />APPROVING THE FORM OF NOTICE OF INTENTION TO <br />SELL SAID BONDS AND DIRECTING THE PUBLICATION <br />THEREOF <br /> <br />DOLLARS <br /> <br />WHEREAS, the City of Santa Ana Community Redevelopment <br />Agency (herein sometimes referred to as the "Agency"), is a <br />redevelopment agency (a public body, corporate and politic) <br />duly created, established and authorized to transact business <br />and exercise its powers, all under and pursuant to the <br />Community Redevelopment Law (Part I of Division 24 (commencing <br />with Section 33000) of the Health and Safety Code of the State <br />of California) and the powers of the Agency include the power <br />to issue bonds for any of its corporate purposes; and <br /> <br />. <br /> <br />WHEREAS, the Agency desires to sell at this time <br />approximately $19,000,000 principal amount of the Bonds for the <br />South Main Street Redevelopment Project; and <br /> <br />WHEREAS, the Agency is required by law to sell the <br />Bonds at competitive bid following publication of notice of <br />intention to sell such securities. <br /> <br />NOW, THEREFORE, THE CITY OF SANTA ANA COMMUNITY <br />REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER <br />AS FOLLOWS: <br /> <br />Section l. Sale Authorized. The sale of an aggregate <br />principal amount of not to exceed Nineteen Million Dollars <br />($l9,000,000) of "SOUTH MAIN STREET REDEVELOPMENT PROJECT AREA <br />TAX ALLOCATION BONDS, 1984" (herein sometimes referred to as <br />the "Bonds"), in accordance with law, is hereby authorized. <br /> <br />. <br /> <br />Section 2. Publication of Notice of Intention to Sell <br />Securities. The Notice of Intention to Sell Securities <br />attached hereto as Exhibit "A" is hereby approved subject to <br />such changes as requested by Bond Counsel. The Secretary of <br />the Agency in cooperation with Bond Counsel shall cause said <br />Notice of Intention to Sell Securities (a) to be published in <br />The Register, a newspaper published and of genera 1 circulation <br />in the City of Santa Ana, California, by at least one (l) <br />insertion at least five (5) days prior to the day fixed for the <br />receipt of bids; and (b) to be published in a financial <br />