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EXHIBIT 1
<br />NOTICE OF PUBLIC HEARING PURSUANT TO SECTION 147(f)
<br />OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED,
<br />FOR THE FINANCING AND REFINANCING OF CERTAIN FACILITIES
<br />FROM THE SALE OF TAX-EXEMPT OBLIGATIONS
<br />NOTICE IS HEREBY GIVEN that at 5:45 p.m., or as soon thereafter as the matter may be heard, on
<br />February 5, 2019, in the City Hall Council Chamber, 22 Civic Center Plaza, Santa Ana, California 92701, the
<br />City of Santa Ana City Council (the "City Council") will conduct a public hearing (the "Public Hearing") at
<br />which the City Council will hear and consider information concerning the issuance, from time to time, pursuant
<br />to a plan of finance, of one or more series of tax-exempt obligations by the California Enterprise Development
<br />Authority (the "Issuer") in an aggregate principal amount not to exceed One Million Five Hundred Thousand
<br />Dollars ($1,500,000) (the "Obligations"). Proceeds of the Obligations will be loaned to Orangewood
<br />Foundation, a California nonprofit public benefit corporation (the "Borrower"), an organization described in
<br />Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), pursuant to one or more
<br />loan agreements (the "Loan Agreement"). The Borrower plans to use the proceeds of the Obligations to
<br />finance and refinance the cost of acquiring, developing, constructing, installing, improving, equipping and
<br />furnishing two office buildings containing approximately 22,340 square feet of space and located at 1575 and
<br />1615 E. 17th Street, Santa Ana, California (the "Facilities"). The Borrower will also use a portion of the
<br />proceeds of the Obligations to pay certain costs of issuance and other related costs in connection with the
<br />Obligations. The Borrower owns the Facilities and uses the Facilities as its headquarters.
<br />The Obligations will be paid entirely from repayments by the Borrower under the Loan Agreements. Neither
<br />the faith and credit nor the taxing power of the City of Santa Ana (the "City"), the Issuer and its members, the
<br />State of California (the "State"), or any other political corporation, subdivision or agency of the State is pledged
<br />to the payment of the principal of, premium, if any, or interest on, the Obligations, nor shall the City, the Issuer
<br />and its members, the State or any other political corporation, subdivision or agency of the State be liable or
<br />obligated to pay the principal of, premium, if any, or interest on, the Obligations.
<br />The Public Hearing is intended to comply with the public approval requirements of Section 147(f) of the Code.
<br />Those wishing to comment on the issuance of the Obligations, proposed nature and location of the Facilities or
<br />the plan of finance may either appear in person at the time and place indicated above or submit written
<br />comments, which must be received prior to the Public Hearing by the Clerk of the City Council, at City of
<br />Santa Ana, 20 Civic Center Plaza, 8th Floor, Santa Ana, California 92701.
<br />4832-3585-0115.2
<br />75C-5
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