HomeMy WebLinkAbout84-127RESOLUTION NO. 84-127
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING AN ISSUANCE OF BONDS BY THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF
SANTA ANA FOR MICROSEMI CORPORATION
WHEREAS, the Industrial Development Authority of
the City of Santa Ana (the "Authority") has approved and
filed with this City Council an application (the
"Application") from Microsemi Corporation (the "Applicant")
requesting that the Authority issue its revenue bonds
pursuant to the California Industrial Development Financing
Act, Government Code Sections 91500 et seq. (the "Act"), to
finance the acquisition, rehabilitate-on a---~ expansion of
certain facilities (the "Project") to be used by the
Applicant; and
WHEREAS, the Board of Directors of the Authority
has made the determinations required to be made by it
pursuant to Section 91530 (c) of the Act preliminary to the
issuance by the Authority of such revenue bonds; and
WHEREAS, this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority; and
WHEREAS, this City Council has duly held a public
meeting with respect to the Project and the financing in
accordance with Section 103(k) of the Internal Revenue Code
of 1954, as amended.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SANTA ANA AS FOLLOWS:
1. The City Council hereby approves the Application
and the Project, subject to fulfillment of all requirements
under the Act, and approves the issuance of revenue bonds of
the Authority to finance costs of the Project, which bonds
and the interest thereon shall be paid from revenues
received by the Authority from the Applicant pursuant to a
financing agreement with respect to the Project to be
entered into between the Authority and the Applicant.
2. The Clerk of the Council is hereby directed to
certify and deliver this resolution to the Authority and to
transmit to the Authority copies of any assessments,
supporting studies, notices, certifications, declarations
and envirnomental impact reports, and statements of agencies
in connection with environmental matters, which relate to
the Project and are in the records of this City Council.
3. This resolution shall take effect immediately upon
its passage.
ADOPTED, this 5th day of November , 1984
ATTEST:
'~yboerrt t,~. Ldxembou~ger,V
iil
COUNCI LMEMBERS:
Luxembourger Aye
Griset Aye
Acosta Aye
Bricken Aye
Johnson Aye
McGuigan Aye
Young Aye
Approved as to form:
~Qr~t~Pe r '