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RESOLUTION NO. 85-144 A RESOLUTION OF THE CITY OF SANTA ANA, CALIFORNIA RELATING TO ITS FLOATING/FIXED RATE DEMAND INDUS- TRIAL DEVELOPMENT REVENUE BONDS, SERIES 1985 (McFADDEN PROPERTIES PROJECT) FOR THE ACQUISITION AND CONSTRUCTION OF A COMMERCIAL FACILITY WHEREAS, a Resolution No. 85-122(the "Resolution") provided for the issuance by the City of Santa Ana (the "City") of not to exceed $4,000,000 aggregate principal amount of its Floating/Fixed Rate Demand Industrial Development Revenue Bonds, Series 1985 (McFadden Properties Project) for the purpose of bond issuance expenses and for acquiring property and construc- tion thereon of an office facility to be located in the City of Santa Ana (the "Project"). WHEREAS, pursuant to said Resolution, the City attempted to transfer an amount not to exceed $1,000,000, of the allocation transferred to the City.from the County of Orange'to the Industrial Development Authority for the City of Santa Ana (the "Authority") for the purposes of bond is- .suance expenses and for acquiring property and construction thereon of a manufacturing facility to be located in the City of Santa Ana (the "Second Project"). WHEREAS, the allocation transferred to the City by the County was not sufficient to cover both the Project and the Second Project and instead the County of Orange had directly transferred to the Authority an allocation sufficient to cover the Second Project. WHEREAS, the Ci%y now wishes to amend the Resolution to provide for the transfer back to the City, of the amount, if any, that may have been transferred to the Authority pur- suant to the Resolution.