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5 <br /> <br /> S <br /> RESOLUTION N~~ 20~ <br /> A ESOLUTI~N of TWE HOUSING AUTHRIT~' ~F THE <br /> CITY of SANTA ANA SETTING FORTH THE <br /> AUTHGRITY'S GFFIIAL INTENT To ISSUE REVENUE <br /> BG~ID To FINANCE THE AQUISITIGN GF ~ RENTAL <br /> HGUSING UNITS oN P~GPEITIES LOCATED AT ~~OT, <br /> ~ ~ 13, ~ ~ , 1 ~ 2 AND ~ val. BI~oG~C STREET I N <br /> THE CITY of SANTA ANA AND AUTHGRIZING RELATED <br /> ACTIONS <br /> BE IT RESGLVED BY THE H~USiN AUTHORITY ~F THE CITY F SANTA <br /> ANA AS FoLLOVI~S: - <br /> Section ~ . The Housing Authority of the pity of Santa Ana hereby finds, <br /> determines and declares esfollos: <br /> A. The Authority is authorized and ernpov~ered by Chapter 7 of Part of <br /> Division ~ of the California Health and Safety Code {the "Housing Act"} to <br /> issue revenue bonds for the purpose of financing the acquisition, <br /> construction, rehabilitation and improvement of multifamily rental hauling <br /> facilities, <br /> B. orange Housing Deveiopment Corporation and Development <br /> collectively, the "Borrov~er"} has requested that the Authority consider the <br /> issuance end sale of tax-exempt revenue bonds the "Bonds'#} pursuant to <br /> the Housing Act for the purpose of financing the acquisition by the <br /> Borro~ver of rental hauling units on properkie located at ~ ~o~, 1 ~1 <br /> 1 , ~ ~7, ~ ~ and ~ ~~9 U1l. Brook Street In the Clty of Santa Ana the <br /> f <br /> "Project"}. <br /> The Borro~ver has requested an expression of this Authority's Willingness <br /> to authorize the issuance of the Bonds at a future date afker the <br /> documentation relating to the financing has been prepared end completed, <br /> end the Authority's requirements for the issuance of such Bonds have <br /> been satisfied. <br /> D. The Authority Dishes to declare its intention to authorize the issuance of <br /> the Bondsr provided certain conditions are I~et, for the purpose of <br /> financing costs of the Project, in an aggregate principal amount not to <br /> exceed $8,goo,ooo, <br /> ~esalut~on No. ~01D-~xx <br /> Page ~ o~ 3 <br /> <br />