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. bond proceeds would be used for anticipated expenses such as purchasing the Corday Hotel and Mercado Building in conjunction with the Fiesta Ma~ketplace development, and for a variety of public works improvements. Following further general discussion of the issue, it moved by Mr.. Young, seconded by Mr. Luxembourger, and ca~ried (5:1) with Ms. McGuigan voting "no", that the Agency adopt: 1. Resolution 85-38: A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX ALLOCATION BONDS IN THE APPROXIMATE PRINCIPAL AMOUNT OF SEVENTY MILLION DOLLARS ($70,000,000) FOR THE SANTA ANA COMMUNITY REDEVELOPMENT PROJECT AREA, APPROVING THE FORM OF NOTICE OF INTENTION TO SELL SAID BONDS AND DIRECTING THE PUBLICATION THEREOF. . 2. Resolution 85-39: A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX ALLOCATION BONDS IN THE APPROXIMATE PRINCIPAL AMOUNT OF EIGHT MILLION DOLLARS ($8,000,000) FOR THE INTERCITY COMMUTER STATION REDEVELOPMENT PROJECT AREA, APPROVING THE FORM OF NOTICE OF INTENTION TO SELL BONDS AND DIRECTING THE PUBLICATION THEREOF. 3. Resolution 85-40: A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX ALLOCATION BONDS IN THE APPROXIMATE AMOUNT OF THIRTEEN MILLION DOLLARS ($13,000,000) FOR THE SOUTH MAIN STREET REDEVELOPMENT PROJECT AREA, APPROVING THE FORM OF NOTICE OF INTENTION TO SELL SAID. BONDS AND DIRECTING THE PUBLICATION THEREOF. 4. Resolution 85-41: A RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX ALLOCATION BONDS IN THE APPROXIMATE PRINCIPAL AMOUNT OF SEVENTEEN MILLION DOLLARS ($17,000,000) FOR THE SOUTH HARBOR BOULEVARD REDEVELOPMENT PROJECT AREA, APPROVING THE FORM OF NOTICE OF INTENTION TO SELL 80NDS AND DIRECTING THE PUBLICATION THEREOF. It was moved by Councilperson Young, seconded by Councilperson Johnson, and carr,ied unanimously (6:0) that Agency policy be established such that the firm providing financial advisory assistance to the Agency for the sale of tax allocation bonds for the Santa Ana Community Redevelopment P~oject Area ($70,000,000), the Intercity Commuter Station Redevelopment Project Area ($8,000,000), the South Main Street Redevelopment Project Area ($13,000,000), and the South HarborBouleva~d Redevelopment P~oject Area ($17.000,000) be a company separate and apart from the underwriter issuing the bonds. . APPEAL APPLICATION NO. 531 TO OVERTURN PLANNING COMMISSION DENIAL OF VARIANCE NO. 85-17 FOR THE CONSTRUCTION OF THE SANTA ANA AUTO MALL IDENTIFICATION SIGN Councilpe~son McGuigan stated that Councilman Acosta very much wanted to be present when action is taken on this item, and moved for a continuance. Councilpe~son Luxembourger seconded the motion, which was defeated (2:4) with Councilper,sons Griset, Hart, Johnson and Young voting against the continuation.