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<br />. <br /> <br />. <br /> <br />. <br /> <br />to be allocated from the "Central City" project area tax increment <br />revenues. <br /> <br />(c) The Agency issued its "$70,000,000, City of <br />Santa Ana Redevelopment Project, 1989 Series B Tax Allocation <br />Refunding Bonds," secured by the tax increment revenues the <br />"Central city" project area in reliance on the ability of the <br />Agency to provide deposits into the "Low and Moderate Income Fund" <br />equivalent to twenty percent of the tax increment revenue from that <br />project area from other sources, as shown by the Composite Official <br />Statement published for that bond issue and concurrent bond issues <br />for other 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 ~h day of <br />following vote: <br /> <br />1994, <br /> <br />by the <br /> <br />August <br /> <br />AYES: <br /> <br />Members 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 />~~~ <br />Cy h1a J. elson, Executive <br /> <br />Director ~~~ <br /> <br />APPROVED AS TO FORM: <br /> <br />~~ <br />Edward. 00 er, Agency Legal Counsel <br /> <br />ab265.res <br />