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commercial office facilities to be located in the City of <br />Santa Ana (the "Project"); and <br /> <br /> WHEREAS, inasmuch as the City has allocated its 1985 <br />private activity bond limit to other projects, the Company has <br />requested that the City procure a transferred allocation covering <br />this Project and for an additional project to be constructed by <br />the Company from the County of Orange. <br /> <br /> WHEREAS, inasmuch as the City has duly procured a trans- <br />ferred allocation of $5,000,000 for the Project and for an addi-~ <br />tional project to be constructed by the Company, from the County of <br />Orange (the "Transferred Allocation"), the City wishes to order <br />the issuance and sale of not to exceed $4,000,000 aggregate princi- <br />pal amount of its Floating/Fixed Rate Demand Industrial Development <br />Bonds, Series 1985 (McFadden Properties Project) for the foregoing <br />Project and to authorize the execution of certain other related <br />documents and agreements and the City wishes to transfer $1,000,000 <br />of the Transferred Allocation to The Industrial Development Author- <br />ity for the City of Santa Ana (the "Authority") for the additional <br />project; and <br /> <br />WHEREAS, there have been presented to this meeting <br /> <br />the following: <br /> <br /> (1) Proposed form of Loan Agreement dated as of <br />October 1, 1985 (the "Agreement"), between the City and the <br />Company. <br /> <br />2 <br /> <br /> <br />