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<br />. <br /> <br />RESOLUTION NO. IDA 2004-001 <br /> <br />RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING ENTERING INTO <br />LOAN AGREEMENT PURSUANT TO WHICH THE AUTHORITY <br />WILL BORROW AND LEND TO BORROWER NOT TO EXCEED <br />$3,800,000 FOR THE ACQUISITION, CONSTRUCTION AND <br />INSTALLATION OF CERTAIN PROPERTY AND FACILITIES, AND <br />AUTHORIZING VARIOUS ACTIONS IN CONNECTION <br />THEREWITH <br /> <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE <br />INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br />Section 1. The Board of Directors hereby finds, determines and <br />declares as follows: <br /> <br />. <br /> <br />A. The California Industrial Development Financing Act (California <br />Government Code Sections 91500 et seq., as amended and supplemented) (the <br />"Act"), permits an industrial development authority to issue revenue bonds for the <br />purpose of financing the acquisition, construction and/or rehabilitation of facilities, <br />including real and personal property suitable for industrial uses such as <br />assembling, fabricating, manufacturing or processing activities with respect to <br />any products of agriculture, forestry or manufacturing, within an empowerment <br />zone and enterprise community designated pursuant to Section 1391 of the <br />Internal Revenue Code of 1986, as amended (the "Code"), and the Act deems <br />such revenue bonds to include various types of obligations and evidences of <br />indebtness. <br /> <br />B. The Industrial Development Authority of the City of Santa Ana (the <br />"Authority") is authorized pursuant to the provisions of the Act to exercise powers <br />of acquiring, constructing, improving, furnishing, equipping, repairing, <br />reconstructing and/or rehabilitating facilities and to enter into agreements for the <br />same. <br /> <br />. <br /> <br />C. The Board of Directors of the Authority desires to enter into a loan <br />agreement for the benefit of CD Andrew Property, LLC, a California limited <br />liability company, or a related entity, and Andrew SPE, LLC a California limited <br />liability company, or a related entity, as applicable (collectively, the "Borrower") <br />for the purpose of financing the acquisition, construction, improvement and <br />equipping of certain property to be located at The Pres Corporate Center, 1641 <br />SI. Andrew Place, Santa Ana, California, and certain costs of issuance, all of <br />which together constitute a project under the Act (the "Project"). <br /> <br />IDA Resolution No. 2004-001 <br />Page 1 of 5 <br /> <br />