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<br />"'. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />, <br /> <br />RESOLUTION NO, <br /> <br />85-57-A <br /> <br />RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY <br />REDEVELOPMENT AGENCY DECLARING ITS INTENTION <br />TO PROVIDE FOR THE ISSUANCE OF NOT TO EXCEED <br />$25,000,000 TAX ALLOCATION REFUNDING BONDS, <br />1985 SERIES E (MAINPLACE PROJECT) <br /> <br />WHEREAS, the City of Santa Ana Community Redevelopment <br /> <br />Agency (the "Agency") entered into a participation agreement <br />with Santa Ana Venture dated April 30 1, 984, entitled <br /> <br />"participation Agreement Fashion Square Commercial Center" by <br /> <br />which it incurred an indebtedness payable from the tax <br /> <br />increment to be derived from the City of Santa Ana <br /> <br />Redevelopment project Area¡ and <br />WHEREAS, the Agency desires to refund that indebtednessby <br /> <br />the issuance of tax allocation refunding bonds in an amount not <br /> <br />to exceed $25,OOO,OOO¡ and <br /> <br />WHEREAS, pursuant to Section 53583 of the Government Code <br /> <br />of the State of California, the Agency may negotiate the sale <br /> <br />of refunding bonds¡ and <br /> <br />WHEREAS, the firm of R.H. Moulton & Company, Inc. is an <br /> <br /> <br />underwriting firm with the ability to negotiate or purchase on <br /> <br />its behalf, together with other underwriting firms, the <br /> <br />refunding bonds of the Agency¡ <br />NOW, THEREFORE, the Santa Ana Community Redevelopment <br /> <br />Agency DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: <br /> <br />Section 1. <br /> <br />It is the intention of the Agency to <br /> <br />authorize and issue not to exceed $25,000,000 tax allocation <br /> <br />. ' <br /> <br />11\ <br />