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<br />RESOLUTION NO. 84-13-IDA <br /> <br />"" <br /> <br />l <br /> <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA APPROVING <br />THE APPLICATION OF MICROSEMI CORPORATION FOR <br />INDUSTRIAL DEVELOPMENT BOND FINANCING. <br /> <br />WHEREAS, Microsemi Corporation ("Applicant") <br />desires to finance the acquisition and improvement of <br />certain facilities, operating as a manufacturing center, <br />located at 2830 S. Fairview Street, in the City of Santa Ana <br />(the "Facility"); and <br /> <br />WHEREAS, the Applicant is willing to undertake the <br />improvement of the Facility if the Industrial Development <br />Authority of the City of Santa Ana (the "Authority") will <br />issue its revenue bonds in an amount not to exceed Six <br />Million Five Hundred Dollars ($6,500,000) to finance the <br />acquisition and improvement to the Facility pursuant to the <br />California Industrial Development Financing Act, California <br />Government Code Sections 91500 et seq. (the "Act"); and <br /> <br />\, . <br /> <br />WHEREAS, the Applicant has submitted, and this <br />Board of Directors has accepted, an application requesting <br />financing for the Facility (the "Application"); and <br /> <br />"" <br /> <br />WHEREAS, the Authority may not issue bonds to <br />finance the Facility until this Board of Directors makes <br />certain determinations with respect to public benefits and <br />qualifications of the Facility as required by the Act; and <br /> <br />WHEREAS, this Board of Directors has carefully <br />considered and discussed the information contained in the <br />Application and other information necessary to make such <br />determinations; <br /> <br />BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. This Board of Directors hereby finds and <br />determines: <br /> <br />l <br /> <br />(a) That the use of the Facility for a <br />manufacturing center is in accord with <br />Section 91503(a) of the Act; <br /> <br />...... <br /> <br />---,.--- <br />