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75.C. INDUSTRIAL DEVELOPMENT BOND - NEWPORT ELECTRONICS <br /> <br />Proposal for the issuance of industrial develop~nt bonds in the amount of <br />$6,~00,000.00 for Newport Electronics to finance certain research and <br />development facilities to be located at Yale Center, 2229 Yale Street. <br /> <br />Legal Notice published in the Orange Count~ Reporter on August $, 1988. <br /> <br />The Mayor opened the public hearing regarding the issuance of industrial <br />development bonds for Newport Electronics at 8:16 p.m. <br /> <br />Presentation of staff report and staff comments by: Karen Erickson, <br />Economic Development Specialist <br /> <br />Presentation of written communications by the Clerk of the Council: None <br />There were no speakers on the matter. <br /> <br />The Mayor closed the public hearing at 8:18 p.m. <br /> <br />MOTION: Adopt resolution. <br /> <br /> RESOLUTION NO. 88-62 - A Resolution Approving the Issuance of <br /> Bonds for the Purpose of Providing Financing for Certain Research. <br /> and Development Facilities and Designating Private Activity Bond <br /> Limit to t~e Bonds. <br /> <br /> MOTION: McGuigan SECOND: Hart <br /> <br /> VOTE: AYES: Acosta, Griset, Hart, May, McGuigan, Pulido, Young <br /> NOES: None <br /> ASSENT: None FILE 620.05 <br /> <br />AGREEMENT <br /> <br />12.C. <br /> <br />AGREEMENT NO. A-88-D78 - BETWEEN THE CITY OF SANTA ANA AND THE <br />GREATER SANTA AHA CHAMBER OF COMMERCE - For the implementation of <br />the second year of the SANTA ANA PROUD program, in the amount of <br />$120,0D0.00 - Community Development Agency. <br /> <br />MOTION: Authorize the City Attorney to prepare and the Mayor and Clerk to <br /> execute agreement. <br /> <br />MOTION: Hart SECOND: Griset <br /> <br />VOTE: <br /> <br />AYES: <br />NOES: <br />ABSENT: <br /> <br />Griset, Hart, McGuigan, Pulido, Young <br />Acosta, May <br />None FILE 617 <br /> <br />CITY COUNCIL MINUTES 261 <br /> <br />AUGUST 15, 1988 <br /> <br /> <br />