CALIFORNIA INDUSTRIAL DEVELOPMENT
FINANCING ADVISORY COMMISSION (CIDFAC)
Industrial Development Bond – Empowerment Zone Bond Program
APPLICATION
APPLICANT (Issuer): 

PROJECT SPONSOR (Borrower): 

PROJECT NAME:  

   We, the undersigned, hereby make Application to the California Industrial Development Financing Advisory Commission (CIDFAC) for its determinations under Government Code section 91531, of the industrial development Empowerment Zone Bond Project as described herein.

   We agree it is our responsibility to provide two copies of a complete Application that bear original signatures accompanied by one check payable to CIDFAC in the amount of $1,250.00. We understand that thorough and complete answers to the requested information are required. We understand that if additional space is required, each additional page will be clearly labeled. We agree that it is also our responsibility to provide all information that is deemed by CIDFAC to be necessary to evaluate our Application. We understand that CIDFAC may verify the information provided and analyze materials submitted as well as conduct their own investigation to evaluate the Application. We understand that we have a continuing duty to inform CIDFAC when any information in the Application or supplemental materials is no longer accurate and immediately supply CIDFAC with updated information prior to the bond issuance.

   We understand that at the time of bond closing, additional closing fees will be owing to CIDFAC other than the amounts specified on page one of this Application. We represent that we have read the pertinent sections of the CIDFAC Regulations regarding fees. [California Code of Regulations, Title 10, Chapter 8, Article 3, Section 6070 et seq.]

   The Project Sponsor (Borrower) and the Applicant each declares that the information contained in the Application, exhibits, attachments, and any supplemental documentation is true and correct to the best of its knowledge and belief, or is not aware of any information that would cause it  to believe that the Application contains any untrue information or omits to state any material information. We understand that misrepresentation may result in the cancellation of an approved Application, and other actions, which CIDFAC is authorized to take.

   We have sought advice from counsel as to whether the issuance of the bonds for the purposes described herein is exempt from any requirement that an allocation of State volume cap be received from the California Debt Limit Allocation Committee (“CDLAC”).  In our sole discretion, relying upon that legal advice, and not upon any advice received or sought from CIDFAC, we have not applied for an allocation of State volume cap from CDLAC.  We understand that CIDFAC has not made any determination as to whether the bonds or the project described herein qualify for an exemption from any State volume cap requirement.

   We agree to hold CIDFAC and its members, officers, agents and employees harmless from any actions or costs arising from our decision regarding State volume cap allocation and any other acts or omissions taken by us or CIDFAC in relation to this application process.

   We acknowledge that all Application materials are to be delivered to CIDFAC at the address below, no later than 30 calendar days before the next scheduled CIDFAC meeting.

   The Project Sponsor (Borrower) and the Applicant (Issuer) each declares under penalty of perjury that the information contained in the Application, exhibits and attachments is true and correct to the best of its knowledge and belief.  The Project Sponsor and Applicant are not aware of any information that would cause them to believe that the Application contains any untrue information or omits to stat any material information.  The Project Sponsor and Applicant understand that misrepresentation may result in the cancellation of an approved Application, and other actions, which CIDFAC is authorized to take.  

   The Project Sponsor understands that any further or supplemental information or documentation required to be provided shall be accompanied by a declaration under penalty of perjury that the supplemental information or documentation is true and correct to the best of the Project Sponsor’s knowledge and belief.

   We acknowledge that any materials provided to CIDFAC may be considered public records subject to disclosure pursuant to the California Public Records Act.

California Industrial Development

Financing Advisory Commission (CIDFAC)

Industrial Development Bond-

Small Business Program

915 Capitol Mall, Room 457

Sacramento, California 95814
 

     
Signature of Applicant’s (Issuer) Senior Official 1   Signature of Project Sponsor (Bor