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<br />L <br /> <br />l <br /> <br />.1043W <br /> <br />JfJfJW:SSW:sab <br />: sab <br /> <br />12/04/83 <br />12/13/83 <br /> <br />RESOLUTION NO. 83-9-IDA <br /> <br />A RESOLUTION OF TfJE INDUSTRIAL DEVELOPMENT AUTfJORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING EXECUTION OF <br />LOAN AGREEMENT AND PURCfJASE AGREEMENT <br />AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH <br />RESPECT THERETO (FAIRVIEW INVESTORS PROJECT) <br /> <br />BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br />WHEREAS, the Industrial Development Authority of the City of Santa Ana (the <br />"Authority") proposes to issue its Industrial Development Bonds (Fairview <br />Investors Project) (the "Bonds") in the aggregate principal amount of $2,280,000 in <br />order to make a loan to Fairview Investors, Ltd., (the "Company") for the <br />acquisition and construction of improvements to its facilities located at 2722 <br />South Fairview Street in the City of Santa Ana; <br /> <br />WfJEREAS, there has been filed with the Secretary of this Authority a Loan <br />Agreement, dated as of December I, 1983, by and between the Authority and the <br />Company (the "Loan Agreement"), pursuant to which the Authority will loan the <br />proceeds of ~he Bonds to the Company for the aforesaid purposes and an agreement <br />for purchase of the Bonds, dated as of the date hereof (the "Purchase Agreement"), <br />pursuant to which the Authority will sell the Bonds to the purchasers thereof, and <br />this Authority has, with the aid of its staff, reviewed said Loan Agreement and and <br />said Purchase Agreement and each and every part thereof; and <br /> <br />WfJEREAS, it is in the public interest and for the public benefit and in <br />furtherance of the public purposes of the Authority that the Loan Agreement and the <br />Purchase Agreement be approved and the officers and the staff of the Authority be <br />directed to cooperate with the Company and the purchasers of the Bonds to provide <br />for the issuance of the Bonds; <br /> <br />NOW, TfJEREFORE, it is hereby RESOLVED, DETERMINED AND ORDERED, as follows: <br /> <br />1. The Loan Agreement is hereby approved and the Cha i rman is hereby <br />authorized to execute said Agreement and the Secretary is hereby authorized to <br />attest to his execution. <br /> <br />2. The Purchase Agreement is hereby approved and the Chairman is hereby <br />authorized to executed said Agreement and the Secretary is hereby authorized to <br />attest to his execution, and the Bonds are hereby authorized to be sold to the <br />purcha sers named in sa i d Agreement, subject to authori zat i on of the Bonds by <br />supplemental resolution adopted by the Authority on this date. <br /> <br />3. The Chairman, Vice Chairman and Secretary of the Authority and their <br />assistants and deputies, and any other officers or employees of the Authority <br />