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<br />. <br /> <br />. <br /> <br />. <br /> <br />(c) The Agency issued its "$70,000,000, city of Santa <br />Ana Redevelopment Project, 1989 Series B Tax Allocation Refunding <br />Bonds," secured by the tax increment revenues the "Central city <br />Project Area" in reliance on the ability of the Agency to provide <br />deposits into the Low and Moderated Income Fund" equivalent to 20 <br />percent of the tax increment revenue from that project area from <br />other sources, as shown by the Composite Official Statement <br />published for that bond issue and concurrent bond issues for other <br />redevelopment projects. <br /> <br />2. The Executive Director is directed to send a copy of this <br />resolution, together with the factual information supporting the <br />findings herein made, to the Department of Housing and Community <br />Development of the State of California within ten (10) days after <br />the date of adoption of this resolution. <br /> <br />ADOPTED this <br />forlowing vote: <br /> <br />20th <br /> <br />December <br /> <br />, 1993, by the <br /> <br />day of <br /> <br />AYES: <br /> <br />Members <br /> <br />Lutz, McGuigan, Mills, Moreno, Pulido, <br />Richardson, Young <br /> <br />NOES: <br /> <br />Members <br /> <br />ABSENT: <br /> <br />Members <br /> <br />ABSTENTIONS: <br /> <br />Members <br /> <br />ATTEST: <br /> <br />C~~~ <br /> <br />Executive Director <br /> <br />D~~ <br /> <br />Chairman <br /> <br />APPROVED AS TO FORM: <br /> <br />E~ -1lb <br /> <br />Agency Legal Counsel <br /> <br />3 <br />