HomeMy WebLinkAbout1983-09 CRA
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RESOLUTION NO. 83-9
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SANTA ANA PROVIDING FOR THE SALE
OF TAX ALLOCATION BONDS IN A PRINCIPAL
AMOUNT OF NOT TO EXCEED SEVENTEEN MILLION
FIVE HUNDRED THOUSAND DOLLARS ($17,500,000),
APPROVING THE FORM OF NOTICE OF INTENTION TO
SELL SAID BONDS AND DIRECTING THE
PUBLICATION THEREOF
WHEREAS, the Redevelopment Agency of the City of Santa
Ana (herein sometimes referred to as the "Agency"), is a
redevelopment agency (a public body, corporate and politic)
duly created, established and authorized to transact business
and exercise its powers, all under and pursuant to the
Community Redevelopment Law (Part 1 of Division 24 (commencing
with section 33000) of the Health and Safety Code of the State
of California) and the powers of the Agency include the power
to issue bonds or notes for any of its corporate purposes; and
WHEREAS, the Agency has adopted its Resolution No.
83-8 authorizing the issuance of tax allocation refunding bonds
of the Agency (hereinafter referred to as the "Resolution of
Issuance"); and
WHEREAS, the Agency is required by law to sell the
Bonds at competitive bid following publication of notice of
intention to sell such securities.
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NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
section 1.
Publication of Notice of Intention to
Sell Securities.
The Notice of Intention to Sell Securities
attached hereto as Exhibit "A" is hereby approved.
The
Secretary of the Agency with the assistance of Bond Counsel
shall cause said Notice of Intention to Sell Securities to be
published in a financial publication generally circulated
throughout the State, namely the Bond Buyer, by at least one
(1) insertion at least fifteen (15) days prior to the day fixed
for the receipt of bids.
Section 2.
Notice to California Debt Advisory
Conunission.
The Secretary of the Agency with the assistance of
Bond Counsel shall cause the notice required by Government Code
Section
8855
to be filed with California Debt Advisory
conunission not later than fifteen (15) days prior to the day
fixed for receipt of bids.
section 3.
Effective Date.
This Resolution shall
take effect upon adoption.
ADOPTED AND APPROVED this
4th day of April
,1983.
(SEAL)
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Chairman
Gordon Bricken
ATTEST:
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Secretary
44l7P/216l/00
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City Attorney
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EXHIBIT "A"
NOTICE OF INTENTION
TO SELL SECURITIES
Notice is hereby given that on or before May 2,1983, at
11:00 a.m., Pacific Standard Time, in the Offices of First
Interstate Bank, 707 Wilshire Boulevard, Tenth Floor, Los
Angeles, California, 90017, the Redevelopment Agency of the
City of Santa Ana will receive bids for the sale of its
Redevelopment project 1983 Tax Allocation Refunding Bonds, in
the principal amount of Seventeen Million Five Hundred Thousand
Dollars ($17,500,000). Copies of the complete Notice Inviting
Bids and other information concerning said bonds may be
obtained from E. F. Hutton and company, 505 Sansome Street,
Suite 1700, San Francisco, California, 94111.
/s/
Redevelopment Agency of the City
of Santa Ana
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44l7P/2l6l/00
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