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<br />REQUEST FOR COUNCIU INDUSTRIAL <br />DEVELOPMENT AUTHORITY ACTION <br /> <br />IDA MEETING DATE: <br />DECEMBER 20, 2004 <br /> <br />TITLE: <br /> <br />SECRETARY USE ONLY: <br /> <br />APPROVED <br /> <br />PUBLIC HEARING - BOND ALLOCATION <br />FOR MEMORY EXPERTS INTERNATIONAL <br /> <br />As recommended <br />As Amended <br />Implementation Resolution <br />Set Public Hearing For <br /> <br />a~~ * t.dti <br /> <br />CONTINUED <br />TO <br /> <br />FILE <br />NUMBER <br /> <br />CITY MANAGER <br /> <br />EXECUTIVE DIRECTOR <br /> <br />RECOMMENDED ACTION <br /> <br />CITY COUNCIL ACTION <br /> <br />Adopt a resolution approving the Industrial Development Authority of the <br />City of Santa Ana entering into a loan or loans in a principal amount not to <br />exceed $4.7 million and lending the proceeds of such loan or loans to NSHE <br />Harlan, LLC and/or Memory Experts International (USA), Inc., as applicable. <br /> <br />INDUSTRIAL DEVELOPMENT AUTHORITY ACTION <br /> <br />Adopt a resolution authorizing entering into a loan agreement pursuant to <br />which the Authority will borrow and lend to borrower not to exceed $4.7 for <br />the acquisition, construction and installation of certain property and <br />facilities, and authorizing various actions in connection therewith. <br /> <br />SANTA ANA EMPOWERMENT CORPORATION BOARD RECOMMENDATION <br /> <br />1. Recommended that the City Council adopt a resolution approving the <br />Industrial Development Authority of the City of Santa Ana entering into <br />a loan or loans in a principal amount not to exceed $4.7 million and <br />lending the proceeds of such loan or loans to NSHE Harlan, LLC and/or <br />Memory Experts International (USA), Inc., as applicable. <br /> <br />75C-1 <br />