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<br />RESOLUTION NO. 84-2-IDA <br /> <br />"'" <br /> <br />I <br />l <br /> <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE OF <br />BONDS FOR THE PURPOSE OF FINANCING THE ACQUISITION OF <br />LAND AND BUILDINGS AND MACHINERY AND EQUIPMENT AND <br />ALTERATIONS TO AN INDUSTRIAL BUILDING AND RELATED <br />FACILITIES BY ROBERT W. SCHOLLER AND DONNA G. <br />SCHOLLER (FIELDTECH, INC.) <br /> <br />~ <br /> <br />WHEREAS, the City Council of the City of Santa Ana <br />(the "City") has adopted its Ordinance No. NS-1559 (the <br />"Ordinance") authorizing the establishment of the Industrial <br />Development Authority of the City of Santa Ana (the "IDA") to <br />issue and sell its bonds, notes, interim certificates, <br />debentures or other obligations ("Bonds") pursuant to the <br />California Industrial Development Financing Act (Government <br />Code, Section 91500 et seq.), for the purpose of providing <br />financing for the acquisition, rehabilitation, construction and <br />improvement of industrial and commerical projects located <br />within the City: <br /> <br />WHEREAS, Robert W. Scholler and Donna G. Scholler, <br />individuals and successors and assigns ("Developer") has <br />requested the IDA to issue and sell its revenue bonds for the <br />purpose of financing the acquisition of land and buildings and <br />machinery and equipment and alterations to an industrial <br />building and related facilities (the "Project"), to be <br />completed by the Developer within the City, and the IDA wishes <br />to induce the Developer to construct and develop the Project in <br />the City; and <br /> <br />WHEREAS, it is in the public interest, for the public <br />benefit and in furtherance of the public purposes of <the City <br />that the IDA authorizes Bonds for the aforesaid purposes; <br /> <br />BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />""- <br /> <br />1. The IDA hereby authorizes the issuance and sale of <br />Bonds of the IDA pursuant to the California Industrial <br />Development Financing Act and the procedures specified in <br />Resolution 83-1 in a principal amount of not to exceed One and <br />one-half Million Dollars ($1,500,000.00) for the purpose of <br />financing the acquisition of land and buildings and machinery <br />and equipment and alterations for the Project located at 3200 <br />and 3240 S. Susan Street. Such authorization is for the <br />purpose of inducing the Developer to undertake to construct and <br />develop the Project and, in particular, to do so at such <br />location. <br /> <br />[ <br />\.. <br />