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<br />. <br /> <br />RESOLUTION NO. CRA 2005- 004 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA AUTHORIZING AND DIRECTING THE <br />EXECUTION AND DELIVERY OF A REIMBURSEMENT AGREEMENT <br />IN CONNECTION WITH CERTAIN FINANCING PROCEEDINGS OF THE <br />CITY OF SANTA ANA, AND APPROVING RELATED DOCUMENTS AND <br />OFFICIAL ACTIONS <br /> <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AS FOllOWS: <br /> <br />Section 1. The Community Redevelopment Agency of the City of Santa Ana (the <br />"Agency") hereby finds, determines and declares as follows: <br /> <br />A. The City of Santa Ana (the "City"), working together with the Santa Ana <br />Financing Authority (the "Authority"), is proposing to proceed with a lease <br />financing; <br /> <br />B. <br /> <br />The City proposes to finance the costs of the construction of a parking <br />structure on City-owned property located adjacent to the proposed State <br />Appellate Court Building in Santa Ana, California (the "Improvements"); <br /> <br />. <br /> <br />C. For the purpose of obtaining the moneys required for such purposes, the <br />City proposes to lease certain real property and the Improvements to be <br />constructed thereon (collectively, the "Property"), to the Authority and to <br />lease the Property back from the Authority under a lease agreement (the <br />"lease Agreement"), the payments under which will be assigned to one or <br />more purchasers to be determined; and <br /> <br />D. The documents below specified have been filed with the Agency and the <br />members of the Agency, with the aid of its staff, have reviewed said <br />documents; <br /> <br />Section 2. The Agency hereby approves a reimbursement agreement, by and <br />between the City and the Agency, pursuant to which the Agency will agree to reimburse <br />the City, from tax increment revenues allocated to the Agency's Central City <br />Redevelopment Project, for the payments to be made by the City under the lease <br />Agreement, in substantially the form on file with the Secretary, together with any <br />changes therein or additions thereto deemed advisable by the Chairperson, the <br />Executive Director or the Treasurer, whose execution thereof shall be conclusive <br />evidence of the approval of any such changes or additions. The Chairperson, the <br />Executive Director or the Treasurer is hereby authorized and directed for and in the <br />name and on behalf of the Agency to execute, and the Secretary is hereby authorized <br />and directed to attest to, the final form of the foregoing document. <br /> <br />. <br /> <br />Resolution No. eRA 2005-004 <br />Page 1 of 3 <br />