HomeMy WebLinkAbout83-001RESOLUTION NO. 83-1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE APPLICATION OF KILKENNY
ASSOCIATES FOR INDUSTRIAL DEVELOPMENT BOND FINANCING
PURSUANT TO CHAPTER 28 OF THE SANTA ANA MUNICIPAL
CODE
WHEREAS, Chapter 28 of the Santa Ana Municipal
Code authorizes the City to sell its bonds, notes, interim
debentures, or other obligations pursuant to the City Chart-
er, for the purpose of providing financing for the acquisi-
tion, rehabilitation, construction and improvement of indus-
trial projects located within the City; and
WHEREAS, Kilkenny Associates has submitted an
application for such financing for a project consisting of
an office building on property located on North Broadway in
the City of Santa Ana; and
WHEREAS, this Council has reviewed the said appli-
cation and accompanying staff report.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA AS FOLLOWS:
1. This Council finds and determines that the proposed
project as described in the application promotes the long-
term employment of the residents of the City; will not ad-
versely affect areas outside the boundaries of the City or
transient residents of the State; and is in the public inter-
ests of the City, a valid exercise of the police powers of
the City, and a public purpose in which the City has a pecu-
liar and unique interest.
2. This Council accepts and approves the said appli-
cation and the participation of the City in the financing of
the said project, subject to the provisions of Chapter 28 of
the Santa Ana Municipal Code and the conclusion of all pro-
ceedings undertaken to consummate such financing to the
satisfaction of the City.
RESOLUTION NO. 83-1
PAGE TWO
ADOPTED this 3rd day of January , 1983.
Gordon BricAen, Mayor
ATTEST:
anice C. Guy, C1 rk the Council
COUNCILMEMBERS:
Bricken Aye
Luxembourger Ave_
Acosta Aye
Serrato Absent
Griset Aye
Markel Nasi _
McGuigan Ave _
Approved as to Form:
AAmtm -
Edward J. Cooftr City Attorney