Laserfiche WebLink
RESOLUTION NO. 2003-03 <br /> <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA AUTHORIZING <br />DELIVERY AND SALE OF CERTIFICATES OF PARTICIPATION <br />IN THE MAXIMUM PRINCIPAL AMOUNT OF $20,000,000 TO <br />REFUND 1993 CERTIFICATES OF PARTICIPATION, AND <br />APPROVING RELATED DOCUMENTS AND ACTIONS <br /> <br /> BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br /> Section 1: The Board of the Community Redevelopment Agency of the <br />City of Santa Aha hereby finds, determines and declares as follows: <br /> <br />A. The City of Santa Ana (the "City") is currently obligated to pay lease <br />payments with respect to the following outstanding certificates of participation: <br /> <br />(1) Certificates of Participation (Parking Facilities Refunding <br />Project), Series 1993A executed and delivered in the aggregate <br />principal amount of $16,875,000 (the "1993 Series A Certificates"), <br />which evidence lease payments payable by the City under an <br />Amended and Restated Lease/Purchase Agreement dated as of <br />February 1, 1993 (the "1993 Series A Lease Agreement"), between <br />the Community Redevelopment Agency of the City of Santa Ana <br />("Agency") and the City; <br /> <br />(2) Certificates of Participation (Commercial Facilities Refunding <br />Project), Series 1993B executed and delivered in the aggregate <br />principal amount of $1,945,000 (the "1993 Series B Certificates"), <br />which evidence lease payments payable by the City under an <br />Amended and Restated Lease/Purchase Agreement dated as of <br />March 1, 1993 (the "1993 Series B Lease Agreement"), between the <br />Agency and the City; and <br /> <br />(3) Certificates of Participation (Mass Commuting Facility <br />Refunding Project), Series 1993C executed and delivered in the <br />aggregate principal amount of $5,005,000 (the "1993 Series C <br />Certificates" and together with the 1993 Series A Certificates and the <br />1993 Series B Certificates, the "1993 Certificates"), which evidence <br />lease payments payable by the City under an Amended and <br />Restated Lease/Purchase Agreement dated as of February 1, 1993 <br />(the "1993 Series C Lease Agreement" and together with the 1993 <br />Series A Lease Agreement and the 1993 Series B Lease Agreement, <br />the "1993 Lease Agreements"), between the Agency and the City. <br /> <br /> <br />