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Public Hearing - <br />tor Ingardia Bros <br />August 20, 2007 <br />Page 3 <br />Bond Allocation <br />. Produce, Inc. <br />the Orange County Register on August 3, 2007. Bonds issued by the <br />Industrial Development Authority are not an obligation of the Authority or <br />the City. The law firm of Stradling, Yocca, Carlson and Rauth has been <br />retained as bond counsel and CSG Advisors has been retained as financial <br />advisor. <br />FISCAL IMPACT <br />The action would reduce the remaining $108,300,000 of Empowerment Zone bond <br />allocation by $2.5 million. <br />•Jb <br />Ste en G. Ha ding <br />Executive Director <br />Industrial Development Authority <br />SGH/LS/DS/mlr <br />H: \ACTION ITEMS\IDA\2007 IDA\JT PH CC-IDA BondAllocforIngardiaBros <br />B-20-07wLCPedi ts.doc <br />80D-3 <br />