HomeMy WebLinkAbout84-110RESOLUTION NO. 84-110
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING AN ISSUANCE OF BONDS BY THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF
SANTA ANA FOR RITCHEY CENTER NORTH.
WHEREAS, The Industrial Development Authority of the
City of Santa Ana (the "Authority") has approved and filed
with this City Council an application (the "Application") from
Ritchey Center North, (the "Applicant") requesting that the
Authority issue its revenue bonds pursuant to the California
Industrial Development Financing Act, Government Code Sections
91500 et seq. (the "Act"), to finance the construction and
improvement of certain facilities (the "Project") to be used
by the Applicant; and
WHEREAS, the Board of Directors of the Authority has
made the determinations required to be made by it pursuant to
Section 91530(c) of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS, this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of the
Authority; and
WHEREAS, this City Council has duly held a public
meeting with respect to the Project and the financing in
accordance with Section 103(k) of the Internal Revenue Code
1954, as amended.
of
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SANTA ANA AS FOLLOWS:
1. The City Council hereby approves the Application and
the Project, subject to fulfillment of all requirements under
the Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and the
interest thereon shall be paid from revenues received by the
Authority from the Applicant pursuant to a financing agreement
with respect to the Project to be entered into between the
Authority and the Applicant.
2. The Clerk of the Council is hereby directed to
certify and deliver this resolution to the Authority and to
transmit to the Authority copies of any assessments,
supporting studies, notices, certifications, declarations and
environmental impact reports, and statements of agencies in
connection with environmental matters, which relate to the
Project and are in the records of this City Council.
3. This resolution shall take effect immediately upon
its passage.
ADOPTED, this l~.t. hday of . September , 1984.
ATTEST:
'~o ~r/t~ W. 'LuxemDou r~,
MaWr ~'
~nice C. Guy, C]~rk ~the Council
COUNCI LMEMBERS:
Luxembourger Aye
Griset -~
Acosta Ay9
Bricken ~
Johnson Aye
McGuigan Aye
Young A~9
Approved as tO form: