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<br />. <br /> <br />. <br /> <br />. <br /> <br />" <br /> <br />RESOLUTION NO. 8.3..=.lQ... <br /> <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AMENDING RESOLUTION <br />NO.83-8 AND AUTHORIZING THE ISSUANCE OF TAX <br />ALLOCATION REFUNDING BONDS OF SAID AGENCY IN <br />A PRINCIPAL AMOUNT OF SIXTEEN MILLION FIVE <br />HUNDRED THOUSAND DOLLARS ($16,500,000) TO <br />REFUND THE $13,500,000 1978 TAX ALLOCATION <br />BONDS OF THE AGENCY AND TO FINANCE A PORTION <br />OF THE COST OF A REDEVELOPMENT PROJECT KNOWN <br />AS THE CITY OF SANTA ANA REDEVELOPMENT <br />PROJECT AREA <br /> <br />WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana (the "Agency"), is a redevelopment agency (a <br />public body, corporate and politic) duly created, established <br />and authorized to transact business and exercise its powers, <br />all under and pursuant to the Community Redevelop~ent Law <br />(Part 1 of Division 24 commencing with Section 33000 of the <br />Health and Safety Code of the State of California), and the <br />powers of the Agency include the power to issue bonds for any <br />of its corporate purposes; and <br /> <br />WHEREAS, the Redevelopment Plan for a redevelopment <br />project known and designated as the "City of Santa Ana <br />Redevelopment Project Area" has been adopted and approved by <br />Ordinance No. 1173 of the City of Santa Ana, which became <br />effective on August 1, 1973, and which was amended by Ordinance <br />No. 1258 of the City of Santa Ana which became effective on <br />July 2,1975, and all requirements of law for and precedent to <br />the adoption and approval of the Redevelopment Plan have been <br />duly complied with; and <br /> <br />WHEREAS, the Agency has previously issued $13,500,000 <br />aggregate principal amount of its City of Santa Ana <br />Redevelopment Project Area, 1978 Tax Allocation Bonds pursuant <br />to Resolution No. 78-10 adopted by the Agency on February 28, <br />1978 (the "1978 Resolution"); and <br /> <br />WHEREAS, the Agency has previously adopted its Resolution <br />No. 83-8 to authorize the issuance of tax allocation refunding <br />bonds in the principal amount not to exceed Seventeen Million <br />Five Hundred Thousand Dollars; and <br /> <br />WHEREAS, for the purpose of carrying out the refunding <br />program of the Agency pursuant to Resolution No. 83-8 and for <br />the corporate purposes of the Agency, the Agency deems it ' <br /> <br />31\ <br />