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<br />JHHW:JlN:ce 08/16/85 <br /> <br />2124N <br /> <br />\". <br /> <br />I <br />l <br />, <br />I <br />L <br /> <br />INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA <br /> <br />RESOLUTI ON NO. IDA 85-14 <br /> <br />A RESOLUTION ACCEPTING APPLICATION OF TOWNE ADVERTISER'S <br />MAILING SERVICE, INC. FOR INDUSTRIAL DEVELOPMENT REVENUE BOND <br />FINANCING, MAKING FINDINGS WITH RESPECT THERETO, <br />AND AUTHORIZING OFFICIAL ACTION <br /> <br />Industrial Development Revenue Bonds, Series 1985 <br />(Towne Advertiser's Mailing Service, Inc. Project) <br /> <br />WHEREAS, the IndJstrial Development Authority of the City of Santa Ana <br />(the "Authority") is an industrial development financing authority dulyformed <br />and existing under the California Industrial Development Financing Act, Title <br />10 of the California Government Code (the "Act") and is authorized under the <br />--.. Act to issue and sell its tax-exempt industrial revenue bonds for the purpose <br />of providing financing for the acquisition, construction and improvemelt of <br />certain industrial projects located within the City of Santa Ana <the "City"); <br />and <br /> <br />WHEREAS, Towne Advertiser's Mailing Service, Inc, (the "Company") has <br />requested the Authori ty to issue and sell its revenue bonds for the purpose of <br />financing the acquisition, rehabilitation of and additions and alterations to <br />industrial buildings and related facilities (the "Project") within the City <br />and the Authority has heretofore adopted its Resolution No. 85-1l-IDA to <br />induce the Company to acquire, construct, and develop the Project in the City; <br />and <br /> <br />WHEREAS, an application (the "Application") has been filed with the <br />AU,thority by the Company in accordance with Section 91529 of the Act, and the <br />Company has requested the Authori ty to m(1.ke its determi nation pursuant to <br />Section 91530(c) of the Act; and <br /> <br />l <br /> <br />WHEREAS, it is in the public interest, for the public benefit and in <br />furtherance of the public purposes of the Authority that it authorize bonds <br />for the aforesaid purposes; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE <br />INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA (HEREINAFTER THE <br />"BOARD") AS FOllOWS: <br /> <br />\w <br />