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<br />, <br />... <br />.""34-25 <br />f <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />JHHW,CFkdfd <br /> <br />Jun, 28, 198' <br /> <br />F8749 <br /> <br />RESOLUTION NO. 89-08 <br /> <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />NOT TO EXCEED $21,000,000 PRINCIPAL AMOUNT OF 1989 <br />TAX ALLOCATION REFUNDING BONDS (MAINPLACE PROJECT), <br />APPROVING INDENTURE OF TRUST RELATING THERETO, <br />AUTHORIZING SALE OF SUCH BONDS, APPROVING SUBSTITUTION <br />OF REMARKETING AGENT AND OFFICIAL STATEMENT, AND <br />AUTHORIZING OFFICIAL ACTION <br /> <br />WHEREAS, the Agency has previously issued its City of Santa Ana Community <br />Redevelopment Agency, City of Santa Ana Redevelopment Project Area, Tax Allocation <br />Refunding Bonds, 1985 Series E, dated as of December 15, 1985, (the "Series E Bonds") <br />for the purpose of providing funds to pay the obligations of the Agency under the <br />Participation Agreement between the Agency and Santa Ana Venture relating to the <br />MainPlace Project within the City of Santa Ana Redevelopment Project; and <br /> <br />WHEREAS, the Series E Bonds are subject to redemption or mandatory tender on <br />December 15, 1989, and the Agency wishes at this time to issue its City of Santa Ana <br />Redevelopment Project 1989 Tax Allocation Refunding Bonds (MainPlace Project) in the <br />aggregate principal amount of not to exceed $21,000,000 (the "Bonds") pursuant to the <br />Community Redevelopment Law and pursuant to the provisions of Article 11 of Chapter 3 <br />of Part 2 of Division 2 of Title 5 of the Government Code of the State of California (the <br />"Bond Law"), for the purpose of providing funds to retire all of the outstanding Series E <br />Bonds on December 15, 1989; and <br /> <br />WHEREAS, the Bonds are proposed to be issued pursuant to an Indenture of <br />Trust (the "Indenture") dated as of August 1, 1989, by and between the Agency and Dai- <br />Ichi Kangyo Bank of California as trustee; and <br /> <br />WHEREAS, the firm of Donaldson, Lufkin & Jenrette Securities Corporation (the <br />"Underwriter") has informed the Agency that it intends to submit an offer to purchase <br />the Bonds, and in connection therewith the Underwriter has caused to be prepared an <br />Official Statement describing the Bonds, the preliminary form of which is on file with the <br />Secretary; and <br /> <br />WHEREAS, the Agency wishes at this time to approve said transactions in the <br />public interests of the Agency; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment <br />Agency of the City of Santa Ana as follows: . <br /> <br />Section 1. Issuance of Bonds; Approval of Indenture. The Agency hereby <br />authorizes the issuance of the Bonds under and pursuant to the Bond Law and the <br />Indenture, in the aggregate principal amount of not to exceed $21,000,000. The Agency <br />