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l I L RESOLUTION NO. A'l-A_IOA A RESOLUTION SUPPLEMENTING RESOLUTION NO. 83-7-IOA OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF INDUSTRIAL REVENUE BONDS (FAIRVIEW INVESTORS PROJECT) BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: WHEREAS, the Industrial Development Authority of the City of Santa Ana (the "Authority") is a public a~3ncy duly organized and operating pursuant to Title 10 (commencing with Section 91500) of the California Government Code (the "Law") and is authorized to issue its revenue bonds to make loans to private entities to finance the construction and improvement of certain facilities, including facilities for industrial uses and research and development uses; WHEREAS, Fairview Investors Ltd., a California limited partnership, (the "Company") has applied to the City for financing for the construction and improvement of certain office and research and development facilities to be located at 2722 South Fairview Street in the City of Santa Ana; WHEREAS, in furtherance of said application, the Authority, on November 7, 1983, adopted its Resolution No. 83-7-1DA, "A Resolution of the Industrial Development Authority of the City of Santa Ana Authorizing the Issuance of Not to Exceed $3,000,000 Principal Amount of Industrial Development Authority of the City of Santa Ana Industrial Revenue Bonds (Fairview Investors Project)" (the "General Resolution") and by said General Resolution authorized the issuance of the Authority's Industrial Revenue Bonds (Fairview Investors Project) (the "Bonds") for the purpose of aiding the Company by providing financing for the purposes specified in the aforesaid application of the Company; WHEREAS, the General Resolution provides that the Authority shall, on or before the date of sale of the Bonds to the initial purchasers thereof, approve a supplemental resolution providing the form of the Bonds and such additional terms and provisions of the Bonds as the Authority shall deem advisable and which are not inconsistent with the provisions of the General Resolution, and this resolution (the "Resolution") constitutes the supplemental resolution required by the General Resolution; WHEREAS, the General Resolution also requires that the Authority shall, on or before the date of sale of the Bonds to the initial purchasers thereof, enter into a loan agreement as more particularly described in the General Resolution, and the Authority and the Company have entered into that certain Loan Agreement dated as of December I, 1983, (the "Agreement") pursuant to which the City has agreed to lend the proceeds of its revenue bonds to the Company to finance the construction and improvement of said office and research and development facilities and the Company has agreed to make loan payments to the Authority for the purpose of paying principal and interest on the Bonds;