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L ~ l JHH~:JLN:cp 02/15/85 1486N "" RESOLUTION NO. 85--2--IDA A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THi CITY OF SANTA ANA APPROVING AND AUTHORIZING EXECUTION OF AN INDENTURE OF TRUST AND A LOAN AGREEMENT, ASSIGNING PRIVATE ACTIVITY BOND LIMIT, AWARDING THE SALE OF BONDS, AND AUTHORIZING CERTAIN ACTIONS RELATING THERETO (MICROSEMI CORPORATION PROJECT> WHEREAS, the Industrial Development Authority of the City of Santa Ana (the "Authority") is a public, corporate instrumentality of the State of California duly formed under and pursuant to the California Industrial Development Financing Act (the "Act"). 'as amended, Title 10 of Cal ifornia Government Code, and is authori zed under the Act to issue its tax-exempt industrial revenue bonds for the purpose of financing industrial and manufacturing projects within the City of Santa Ana; and WHEREAS, Microsemi Corporation (the "Company"), a Delaware corporation, has requested the Authority to issue and sell its 1985 Industrial Development Revegue Bonds (Microsemi Corporation Project) (the "Bonds") in the aggregate principal amount of not to exceed $6,500,000 for the purpose of providing a permanent loan to the Company to finance the acquisition, construction, and rehabilitation of. a manufacturing facility and appurtenant improvements, structures, facilities and equipment, located at 2830 South Fairview Street, Santa Ana, California (the "Project"); and WHEREAS, the City Counci 1 of the Ci ty of 5anta Ana has he ld a pub 1 i c hearing on the question of whether the Authori ty should issue the Bonds, and all persons wishing to be heard on such question have been heard; and WHEREAS, the Authority has heretofore, on Sept. 4th, 1984, adopted its Resolution No. 84- 8-IDA (the "Resolution"), authorizing the issuance of Bonds for the Project, and has on November 5,1984 adopted its Resolution No. 84-13-IDA, approving the application of the Company for Bond financing, making determinations w.ith respect thereto. and expressing the intention of the Authority to undertake the financing of the Project; and WHEREAS, there have been presented to th is Author i ty certa in agreements and related documents pertaining to the issuance and sale of, the terms and conditions of, the security for, and the use of proceeds of the Bonds and this Authority has reviewed such agreements and related documents; and WHEREAS, the Company has complied with all applicable requirements of the Act and the Resolution and has requested the Authority to issue the Bonds at this time to provide permanent financing for the Project; ~