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12/16/0211:06 AMMDAY242703331 APPROVED BY THE AUTHORITY ON DECEMBER 10, 2002 ORANGE INDUSTRIAL DEVELOPMENT AUTHORITY ORANGE, CALIFORNIA MINUTES OF A REGULAR ANNUAL MEETING December 11, 2001 1. ROLLCALL PRESENT - Slater, Alvarez, Murphy, Cavecche ABSENT - Coontz 2. PUBLIC COMMENTS - None 3. CONSENT CALENDAR 3.1 Declaration of the Secretary of the Orange Industrial Development Authority, Cassandra J. Cathcart, declaring posting of Orange Industrial Development Authority Agenda of a regular meeting of December 11, 2001 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility at 1107 North Batavia, the Eisenhower Park Bulletin Board, and summarized on Time-Warner Communications, all ofsaid locations being in the City of Orange and freely accessible to members of the public at least 72 hours before commencement of said regular meeting. ACTION: Accepted Declaration of Agency Posting and authorized its retention as a public record in the Office of the Authority Secretary. 3.2 Approve Orange Industrial Development Authority Minutes, Regular Meeting, December 12,2000. ACTION: Approved. MOTION - Alvarez SECOND - Slater AYES - Slater, Alvarez, Murphy, ABSTAIN - Cavecche ABSENT - Coontz All items on the Consent Calendar were approved. END OF CONSENT CALENDAR ************ 4. REPORTS OF OFFICERS AND COMMITTEES 4.1 Administrative Report from the Assistant Executive Director on the Industrial Development Authority of the City of Orange Issue A of 1997 on behalf of Control Air Conditioning. SUMMARY: Administrative Report from the Assistant Executive Director regarding the status of the Industrial Development Authority of the City of Orange Issue A of 1997 on behalf of Control Air Conditioning Corporation. ORANGE INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES December 11,2001 4. REPORTS OF OFFICERS AND COMMITTEES (Continued) Director Alvarez asked if the City's Audit Committee reviewed this report. Mr. Reichert, Senior Project Manager indicated they did see the report. MOTION - Alvarez SECOND - Cavecche AYES - Slater, Alvarez, Murphy, Cavecche ABSENT - Coontz ACTION: Received and filed, as required annually, an administrative report regarding the status of the Industrial Development Authority of the City of Orange Issue A of 1997 on behalf of Control Air Conditioning Corporation and with the proviso that an audit report be forwarded to the directors for their review. FISCAL IMP ACT: The Report has no impact on the City of Orange or Orange Redevelopment Agency budgets (the IDA does not have an annual budget). 5. UNFINISHED BUSINESS - None 6. NEW BUSINESS - None 7. ADJOURNMENT MOTION - Murphy SECOND - Alvarez AYES - Slater, Alvarez, Murphy, Cavecche ABSENT - Coontz The Industrial Development Authority adjourned at 5:45 p.m. ~f;t<<AJ~~#~A7: CA ANDRA J. C THCART SECRETARY OF THE INDUSTRIAL DEVELOPMENT AUTHORITY M A. MURPHY, IRMAN INDUSTRIAL DEVELO MENT AUTHORITY Page 2