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<br />l <br /> <br />WHEREAS, Rexnord Inc., a corporation organized <br />and existing under the laws of the State of Wisconsin and <br />duly qualified to do business in the State of California <br />(the "Company"), has requested that the Authority issue <br />bonds for the purpose of constructing and rehabilitating <br />certain facilities located in the City of Santa Ana to <br />be used for the manufacture of specialty threaded fasteners <br />and hydraulic fittings and bond issuance expenses (the <br />"Project"); and <br /> <br />WHEREAS, the Authority has requested the <br /> <br /> <br />California Industrial Development Financing Advisory <br /> <br /> <br />Commission to review the information submittea and to be <br /> <br /> <br />submitted by the Authority with respect to the financing <br /> <br /> <br />of the Project, and said Commission has, by duly adopted <br /> <br /> <br />resolution, made certain initial determinations with respect <br /> <br /> <br />thereto, as required by the Act, and has been requested to <br /> <br /> <br />make the further determinations authorized by Section 91531 <br /> <br /> <br />of the Act; and <br /> <br />l <br /> <br />WHEREAS, the Authority wishes to order, subject <br /> <br /> <br />to complian~e with Section 91531 of the Act, the issuance <br /> <br /> <br />and sale of $1,500,000 aggregate principal amount of its <br /> <br /> <br />Industrial Development Revenue Bond (Rexnord Inc. Project) <br /> <br /> <br />for the foregoing purposes and to authorize the execution <br /> <br />2 . <br />