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<br />RESOLUTION NO. 84-5-IDA <br /> <br />"-' <br /> <br />I <br />I <br />e <br />\. <br /> <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA APPROVING <br />THE APPLICATION OF ROBERT W. SCHOLLER AND <br />DONNA G. SCHOLLER (FIELDTEC, INC.) FOR <br />INDUSTRIAL DEVELOPMENT BOND FINANCING. <br /> <br />WHEREAS, Robert W. Scholler and Donna G. Scholler <br />(Fieldtec, Inc.), ("Applicant") desire to finance the <br />acquisition and improvement of certain facilities, including <br />the acquisition of equipment, operating as a manufacturing <br />center, located at 3200 and 3240 South Susan Street in the <br />City of Santa Ana (the "Facility"); and <br /> <br />~ <br /> <br />WHEREAS, the Applicant is willing to undertake the <br />improvement of the Facility if the Industrial Developement <br />Authority of the City of Santa Ana (the "Authority") will <br />issue its revenue bonds in an amount not exceeding One <br />Million Dollars ($1,000,000) to finance the acquisition and <br />improvement to the Facility pursuant to the California <br />Industrial Development Financing Act, California Government <br />Code Sections 91500 et seq. (the "Act"); and <br /> <br />WHEREAS, the Applicant has submitted, and this <br />Board of Directors has accepted, an application requesting <br />financing for the Facility (the "Application"); and <br /> <br />WHEREAS, the Authority may not issue bonds to <br />finance the Facility until this Board of Directors makes <br />certain determinations with respect to public benefits and <br />qualifications of the Facility as required by the Act; and <br /> <br />WHEREAS, this Board of Directors has carefully <br />considered and discussed the information contained in the <br />Application and other information necessary to make such <br />determinations; <br /> <br />BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />I <br />~ <br />i <br />~ <br /> <br />1. This Board of Directors hereby finds and <br />determines: <br /> <br />'-' <br /> <br />(a) That the use of the Facility for a <br />manufacturing center is in accord with <br />Section 91503(a) of the Act; <br /> <br />(b) That the use of the Facility is likely to <br />produce employment benefits securing or <br />increasing the number of employees of the <br />Applicant as more particularly set forth in <br />