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<br />~~. <br /> <br />L <br /> <br />I <br />L <br /> <br />. <br />\w <br /> <br />L <br /> <br />~ <br /> <br />...~ <br /> <br />l' <br /> <br />RESOLUTION NO. 84-l5-IDA <br /> <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING ISSUANCE OF REVENUE <br />BONDS, THE LOANING OF PROCEEDS THEREOF TO FINANCE <br />PROJECT COSTS, THE EXECUTION OF DOCUMENTS AND <br />AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH <br />RESPECT THERETO (RITCHEY CENTER SOUTH PROJECT) <br /> <br />, <br /> <br />I <br />, <br />I <br />, <br />I <br />I <br />I <br />! <br />i <br />I <br />\ <br />I <br />I <br />, <br /> <br />I <br /> <br />BE IT RESOLVED BY TIiE INDUSTRIAL DEVELOPMENT AUTHORITY OF <br />THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />WHEREAS, the Industrial Development Authority of the <br />City of Santa Ana (the "Authority") proposes to issue its <br />Industrial Development Bonds (Ritchey Center South Project) <br />(the "Bonds") in the aggregate principal amount of <br />$5,000,000 in order to make a loan to Ritchey Center South, <br />a California general partnership (the "Company"), for the <br />acquisition and renovation of facilities located at 1901 <br />South Ritchey and 1918 and 1924 East Glenwood Place in the <br />City of Santa Ana; and <br /> <br />WHEREAS, the California Industrial Development Finan- <br />cing Act (California Government Code Sections 91500-91574) <br />(the "Act") authorizes the Authority to issue revenue bonds <br />and loan the proceeds thereof for the purpose of financing <br />the acquisition, construction, improvement, reconstruction, <br />or rehabilitation of industrial facilities described there- <br />in; <br /> <br />WHEREAS, there has been filed with the Secretary of <br />'this Authority (i) the form of an Indenture of Trust, dated <br />as of December I, 1984 (the "Indenture") between the Autho- <br />rity and Security Pacific National Bank as trustee pursuant <br />to which the Bonds shall be issued, (ii) the form of a Loan <br />Agreement, da ted as of December I, 1984 (the "Loan Agree- <br />ment"), by and between the Authority and the Company, pur- <br />suant to which the Authority will loan the proceeds of the <br />Bonds to the Company for the aforesaid p,urposes, (iii) the <br />form of a Bond Purchase Agreement (the 'purchase Agreement") <br />between the Authority and Stone & Youngberg (the "Under- <br />writer") pursuant to which the Authority will sell the <br />Bonds, and (iv) the form of a Preliminary Official Statement <br />(the "Preliminary Official Statement") relating to the <br />Bonds; <br /> <br />J <br /> <br />WHEREAS, t'-" 3 Authority has, with the aid of its staff, <br />reviewed the Incl<uture, the Loan Agreement, the Purchase <br /> <br />--'-----------.~_.~----..~~~-------->----., -~_.-..!.._----- ~~......:._.._---~==- <br />