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<br />Public Hearing - Bond Allocation <br />for Ingardia Bros. Produce, Inc. <br />August 20, 2007 <br />Page 3 <br /> <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 /> <br />FISCAL IMPACT <br /> <br />The action would reduce the remaining $108,300,000 of Empowerment Zone bond <br />allocation by $2.5 million. <br /> <br />St~~~~~ding <br /> <br />Executive DIrector <br />Industrial Development Authority <br /> <br />SGH/LS/DS/mlr <br /> <br />H:\ACTION ITEMS\IDA\2007 IDA\JT PH CC-IDA BondAllocforlngardiaBros 8-20-07wLCPedits.doc <br />