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<br />RESOLUTION NO. <br /> <br />85-57 <br /> <br />. <br /> <br />RESOLUTION OF THE CITY OF SANTA ANA <br />COMMUNITY REDEVELOPMENT AGENCY AWARDING THE <br />$8,000,000 SANTA ANA INTER-CITY COMMUTER <br />STATION REDEVELOPMENT PROJECT, TAX <br />ALLOCATION BONDS, 1985 SERIES A¡ $63,850,000 <br />CITY OF SANTA ANA REDEVELOPMENT PROJECT <br />AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡ <br />$13,650,000 SANTA ANA SOUTH HARBOR <br />BOULEVARD/FAIRVIEW STREET REDEVELOPMENT <br />PROJECT, TAX ALLOCATION BONDS, 1985 <br />SERIES C¡ $13,000,000 SANTA ANA SOUTH MAIN <br />STREET REDEVELOPMENT PROJECT, TAX ALLOCATION <br />BONDS, 1985 SERIES D TO THE BEST BIDDER AND <br />TO REJECT ALL OTHER BIDS <br /> <br />. <br /> <br />WHEREAS, at the time and place fixed for the opening of <br />bids for the tax allocation bonds of the City of Santa Ana <br />Community Redevelopment Agency in a principal amount of <br />$8,000,000, designated SANTA ANA INTER-CITY COMMUTER STATION <br />REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES A¡ <br />$63,850,000, designated CITY OF SANTA ANA REDEVELOPMENT PROJECT <br />AREA, TAX ALLOCATION BONDS, 1985 SERIES B¡ $13,650,000, <br />designated SANTA ANA SOUTH HARBOR BOULEVARD/ FAIRVIEW STREET <br />REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES C¡ and <br />$13,000,000, designated SANTA ANA SOUTH MAIN STREET <br />REDEVELOPMENT PROJECT, TAX ALLOCATION BONDS, 1985 SERIES D (the <br />"Bonds"), all bids will be publicly opened, examined and read, <br />and a tabulation thereof will be prepared. <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 1. The bid of Smith Barney, Harris Upham & Co. Inc. <br />received by the Agency offering a certain sum as set forth in <br />the Bid attached hereto plus accrued interest to date of <br />delivery of said Bonds bearing interest payable semi-annually <br />at the rates set forth in such bid is the best bid for the <br />Bonds yielding the lowest net interest cost. The Agency hereby <br />awards the Bonds to said best bidder in accordance with the <br />terms of the proposal. <br /> <br />. <br /> <br />SECTION 2. All other bids will be rejected and any bid <br />checks not previously returned will be immediately returned to <br />such bidders. <br /> <br />¡/ <br /> <br />IB <br />