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<br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />.. . <br /> <br />RESOLUTION NO. <br /> <br />86-34 <br /> <br />RESOLUTION OF THE CITY OF SlINTA ANA COMMUNITY <br />REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. 85-54 <br /> <br />WHEREAS, the Agency has previously authorized and sold its $63,850,000 <br />City of Santa Ana Redevelopment Project Area Tax Allocation Bonds, 1985 <br />Series B; <br /> <br />WHEREAS, it is necessary to amend the resolution authorizing the issuance <br />of such Bonds for the purpose of further clarifying the terms of the <br />Resolution; <br /> <br />NOW, THEREFORE, THE CITY OF SlINTA ANA COMMUNITY REDEVELOPMENT AGENCY DOES <br />HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: <br /> <br />Section 1. Section 16 is hereby amended by adding the following paragraph <br />to the end of the Section: <br /> <br />"All earnings derived from the Investment of the moneys in the Escrow <br />Fund shall be transferred upon receipt to the Special Fund for application <br />in accordance with the provisions of Section 15." <br /> <br />Section 2, <br />adoption, <br /> <br />Effective Date. <br /> <br />This Resolution shall take effect upon <br /> <br />ADOPTED AND APPROVED THE 17th day of June <br /> <br />,1986. <br /> <br />~ <br /> <br />Chairman of the City of Santa Ana <br />Community Redevelopment Agency <br /> <br />~~ <br /> <br /> <br />Secretary of the City of <br />Santa Ana Community <br />Redevelopment Agency <br /> <br />APPROVED AS TO FORM: <br /> <br />