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G. Issuance of any Recovery Zone Facility Bonds or Recovery Zone <br />Economic Development Bonds shall require further approval of this City <br />Council. <br />H. Being fully informed and after consideration of all relevant factors, the city <br />council further finds, declares and determines that the area within the <br />geographical limits of the City of Santa Ana reasonably meets the criteria <br />of the Recovery Act for designation as a Recovery Zone. <br />Section 2. The City Council hereby designates the area within the corporate <br />limits of the City of Santa Ana as a Recovery Zone for purposes of the Recovery Act. <br />Section 3. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />ADOPTED this 17th day of August, 2009. <br />mayor <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br />AYES: Councilmembers: <br />,~ is <br />~ ~ <br />By: <br />Benj in Kauf n <br />Chie ssistant ity Attorney <br />NOES: Councilmembers: <br />ABSTAIN: Councilmembers: <br />ABSENT: Councilmembers: <br />Alvarez, Bustamante, Martinez, Pulido (4) <br />None (0) <br />None (0) <br />Benavides, Sarmiento Tinalero (3) <br /> <br />.r~ <br />Resolution No. 2009-046 <br />Page 2 of 3 <br />