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<br />\",. <br /> <br />i <br />, <br />! <br />l <br /> <br />\",. <br /> <br />, <br />I <br />l <br /> <br />'"'" <br /> <br />RESOLUTION NO. 85-1 IDA <br /> <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />BONDS FOR THE PURPOSE OF FINANCING THE ACQUISITION, <br />REHABILITATION OF AND ADDITIONS AND ALTERATIONS TO <br />INDUSTRIAL BUILDINGS AND RELATED FACILITIES BY <br />LANDMARK ASSET DEVELOPMENT GROUP <br /> <br />WHEREAS, the City Council of the City of Santa Ana <br />(the "City") has adopted its Ordinance No. NS-1559 (the <br />"Ordinance") authorizing the establishment of the Industrial <br />Development Authority of the City of Santa Ana (the "IDA") to <br />issue and sell its bonds, notes, interim certificates, <br />debentures or other obligations ("Bonds") pursuant to the <br />California Industrial Development Financing Act (Government <br />Code, Section 91500 et seq.), for the purpose of providing <br />financing for the acquisition, rehabilitation, construction and <br />improvement of industrial and commerica1 projects located <br />within the City; and <br /> <br />WHEREAS, Landmark Asset Development Group, a <br />California corporation, and successors and assigns <br />("Developer") has requested the IDA to issue and sell its <br />revenue bonds for the purpose of financing the acquisition, <br />rehabilitation of and additions and alterations to industrial <br />buildings and related facilities (the "Proj~ct"), to be <br />completed by the Developer within the City, and the IDA wishes <br />to induce the Developer to construct and develop the Project in <br />the Ci ty, and <br /> <br />WHEREAS, it is in the public interest, for the public <br />benefit and in furtherance of the public purposes of the City <br />that the IDA authorizes Bonds for the aforesaid purposes; <br /> <br />BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. The IDA hereby authorizes the issuance and sale of <br />Bonds of the IDA pursuant to the California Industrial <br />Development Financing Act and the procedures specified in <br />Resolution 83-1 in a principal amount of not to exceed Ten <br />Million Dollars ($10,000,000.00) for the purpose of financing <br /> <br />~-_. ~- _,~_,"""'...l!rto...~.\...l____~._,_.~ ..~.._____.__~_.__ .____ .___._~__~__...._. _u...._.________ __ __~._~____._.._...... __.__ ._...__....^._...'__.,.__,_...__..~ __~.__.___. <br /> <br />, <br />____ .J <br />