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" > RESOLUTION NO. 83-12 ~ RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING SALE OF $8,500,000 PRINCIPAL AMOUNT OF CERTIFICATES OF PARTICIPATION FOR TRANSPORTATION CENTER PROJECT, AND APPROVING AND AUTHORIZING EXECUTION OF RELATED DOCUMENTS AND OFFICIAL ACTION WHEREAS, the City of Santa Ana (the "City") presently owns cer- tain land on which is proposed to be built certain transportation and commercial facilities (the "Project"), and the Agency proposes to lease such land to the Community Redevelopment Agency of the City of Santa Ana (the "Agency") pursuant to that certain lease entitled "Site Lease With Respect to Mass Commuting Transportation Facilities" and that certain lease entitled "Site Lease With Respect to Mass Commuting Commercial Facilities", each dated as of June 1, 1983, by and between the Agency and the City (collectively, the "Site Leases")¡ and . WHEREAS, in order to finance the cost of construction of the Project, the City proposes to lease such land and the Project from the Agency pursuant to that certain lease entitled "Lease Agreement With Respect to Mass Commuting Transportation Facilities" and that certain lease entitled "Lease Agreement with Respect to Mass Commuting Commercial Facilities", each dated as of June 1,1983, by and between the City and the Agency (collectively, the "Lease Agreements")¡ and WHEREAS, in order to obtain funds to finance the construction of the Project, the Agency proposes to assign the lease payments to be made by the City under the Lease Agreements, together with certain other rights and interests thereunder, to First Interstate Bank of California as trustee (the "Trustee"), pursuant to that certain agree- mententitled "Assignment Agreement With Respect to Mass Commuting Transportation Facilities" and that certain agreement entitled "Assign- ment Agreement With Respect to Mass Commuting Commercial Facilities", each dated as of June 1,1983, by and between the Agency and the Trustee (collectively, the "Assignment Agreements")¡ and WHEREAS, the Trustee has agreed to execute and deliver two series of certificates of participation in the aggregate principal amount of $8,500,000 (collectively, the "Certificates") pursuant to that certain agreement entitled "Trust Agreement With Respect to Mass Commuting Transportation Facilities" and that certain agreement entitled "Trust Agreement with Respect to Mass Commuting Commercial Facilities", each dated as of June 1,1983, by and among the City, the Agency and the ~ Trustee (collectively, the "Trust Agreements")¡ and WHEREAS, Rauscher pierce Refsnes, Inc. (the "Underwriter") intends to submit an offer to purchase the Certificates pursuant to a Purchase Contract (the "Purchase Contract"); and /J-t-j IB