HomeMy WebLinkAbout84-024RESOLUTION NO. 84- 24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE APPLICATION OF CIVIC
CENTER MEDICAL ARTS 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
Charter, for the purpose of providing financing for the
acquisition, rehabilitation, construction and improvement of
industrial and commercial projects located within the City;
and
WHEREAS, Civic Center Medical Arts Associates has
submitted an application for such financing for a project
consisting of a commercial building on property located at
500 W. Santa Ana Boulevard in the City of Santa Ana; and
WHEREAS, this Council has reviewed said
application 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 adversely affect areas outside the boundaries of the
City or transient residents of the State; and is in the
public interests of the City, a valid exercise of the police
powers of the City, and a public purpose in which the City
has a peculiar and unique interest.
2. This Council accepts and approves the said appli-
cation and the participation of the City in the financing of
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.
ADOPTED, this 19th day of March
, 1984.
Robe~uxembourger, ~or