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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 City of <br />its industrial development bonds and does hereby approve the <br />issuance of such bonds in an aggregate principal amount not <br />to exceed $6,000,000 for the acquisition, construction and <br />improvement by McFadden Properties of two commercial office <br />buildings consisting of an aggregate of approximately 59,000 <br />square feet, located on the south side of McFadden Avenue <br />between the Costa Mesa Freeway and Ritchey Street at approx- <br />imately 2002 E. McFadden Avenue in the City of Santa Ana, <br />California, to be used for commercial office space by McFadden <br />Properties (which will construct and own the Project) and <br />other persons. The bonds may be issued on such terms and <br />conditions as may be approved by this Council. <br /> <br />ADOPTED this 17th day of September , 1985. <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />ATTEST: <br /> <br />dice C. Guy <br /> erk of the CouncF1/ <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Acosta Aye <br />Hart Aye <br />Johnson Aye <br />Luxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br />APPROVED AS TO FORM: <br /> <br />l~'d w~r ~/~. C~oper <br />City A~tt~ <br /> <br /> <br />