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WHEREAS, those wishing to comment on the proposed <br />nature and location of the Project and financing were given <br />an opportunity to appear in person and speak at this hearing; <br />and <br /> <br /> WHEREAS, all written comments on the proposed <br />nature and location of the Project and financing were read <br />and all persons appearing at the hearing who wished to comment <br />thereon have had an opportunity to do so; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, that this Council, <br />in its capacity as the duly elected officials of the City of <br />Santa Ana for purposes of complying with Section 103(k) of <br />the Code, does hereby approve the creation by the Authority <br />of its industrial development bonds and does hereby approve <br />the issuance of such bonds in an aggregate principal amount <br />not to exceed $1,750,000 for the acquisition, construction <br />and improvement by McFadden Properties of a manufacturing <br />facility consisting of approximately 33,000 square feet, <br />located on Wilshire Avenue between the Costa Mesa Freeway <br />and Ritchey Street at approximately 2041Wilshire Avenue in <br />the City of Santa Ana, California, to be used for the manu- <br />facturing of O-rings by International Seal Company, as proposed <br />lessee of the project. The bonds may be issued on such <br />terms and conditions as may be approved by the Authority. <br /> <br />ADOPTED this ]7th day of September , 1985. <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />ATTEST: <br /> <br />~C l~en ir~e o~ ' t~eUYc/ou n~~ <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Acosta Aye <br />Hart Aye <br />Johnson Aye <br />Luxembourger Aye <br />McGuigan A~e <br />Young Aye <br /> <br />APPROVED AS TO FORM: <br /> <br />~w~rd~C%gper <br />City Att~ <br /> <br /> <br />