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<br /> <br /> RECOMMENDED ACTION: <br /> <br />1. Authorize the City Manager to execute a loan agreement with Legacy <br />Square LP (c/o National Community Renaissance of California) for <br />$3,170,547 in inclusionary housing funds for the development of the <br />Legacy Square affordable housing project located at 609 N. Spurgeon <br />Street, Santa Ana, CA 92701, subject to non-substantive changes approved <br />by the City Manager and City Attorney (Agreement No. A-2020-XXX). <br /> <br />2. Authorize the City Manager to execute a subordination agreement with <br />Bank of America, N.A., for the City’s inclusionary housing loan agreement <br />with Legacy Square LP, subject to non-substantive changes approved by <br />the City Manager and City Attorney (Agreement No. A-2020-XXX). <br /> <br />3. Authorize the City Manager to execute a future subordination agreement <br />with the State of California Department of Housing and Community <br />Development, for the City’s inclusionary housing loan agreement with <br />Legacy Square LP, after the Legacy Square affordable housing project is <br />complete, subject to non-substantive changes approved by the City <br />Manager and City Attorney (Agreement No. A-2020-XXX). <br /> <br />4. Resolution No. 2020-XXX - Adopt a resolution approving the issuance of <br />revenue bonds by the California Statewide Communities Development <br />Authority in an amount not to exceed $40,000,000 for the purpose of <br />financing the acquisition, construction, improvement, and equipping of the <br />Legacy Square affordable housing project located at 609 N. Spurgeon <br />Street, Santa Ana, CA 92701. <br /> <br /> <br />55B. ADOPT A RESOLUTION AMENDING THE CLASSIFICATION AND <br />COMPENSATION PLAN TO CREATE ONE PART-TIME JOB CLASSIFICATION <br />AND AMEND THE ANNUAL BUDGET TO RECLASSIFY TWO POSITIONS IN THE <br />PUBLIC WORKS AGENCY AND ADD ONE POSITION IN THE POLICE <br />DEPARTMENT – Human Resources Department, Public Works Agency and Police <br />Department <br /> <br /> RECOMMENDED ACTION: <br /> <br />1. Adopt a resolution. <br /> <br />Resolution No. 2020-XXX - A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA TO AMEND RESOLUTION NO. 2015-026 TO EFFECT <br />CERTAIN CHANGES TO THE CITY’S BASIC CLASSIFICATION AND <br />COMPENSATION PLAN AND TO AMEND THE CURRENT ANNUAL BUDGET <br />FOR FISCAL YEAR 2020-2021 <br /> <br />CITY COUNCIL AGENDA 11 DECEMBER 15, 2020 <br /> <br /> <br />