HomeMy WebLinkAbout84-135RESOLUTION NO. 84- 135
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
ANA APPROVING THE APPLICATION OF URBATEC FOR INDUSTRIAL
DEVELOPMENT BOND FINANCING PURSUANT TO CHAPTER 28 OF
THE SANTA ANA MUNICIPAL CODE (SANTA AND DOWNTOWN PLAZA
PROJECT)
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, Urbatec has submitted an application for such
financing for a project consisting of a retail shopping center on
property located at the northeast corner of First and Spurgeon
Streets in the City of Santa Ana; and
WHEREAS, this Council has reviewed the said application
and accompanying staff report.
NOWw 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 application
and the participation of the City in the financing of the said
project, subject to the provisions of Chapter 28 of the Santa Ana
Muncipal Code and the conclusion of all proceedings undertaken to
consummate such financing to the satisfaction of the City.
ADOPTED, this ]9thday of NoYember
, 1984.
{4~o b ~t/~Lu x embo u r g e r ~.~4a yo r
ATTEST:
COUNC I LMEMBERS:
Luxembourger Na
Griset ~
Acosta -A-6s e n t
Bricken -A-6s e n t
Johnson -Aye
McGuingan ~
Young -~ye
Council
Approved as to form:
Edward J. ~ooper,-- /
City Attorney