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55394.00068\42105001.1 <br />Resolution No. 2024-XXX <br />Page 1 of 3 <br />LR 5/7/24 <br />RESOLUTION NO. 2024-XXX <br />A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF SANTA ANA <br />PUBLIC FINANCING AUTHORITY APPROVING AND ADOPTING BYLAWS, <br />ESTABLISHING REGULAR MEETING DATES AND AUTHORIZING CERTAIN <br />OTHER ACTIONS IN CONNECTION THEREWITH <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF SANTA <br />ANA PUBLIC FINANCING AUTHORITY AS FOLLOWS: <br />Section 1. The Board of Directors of the City of Santa Ana Public Finan cing <br />Authority hereby finds, determines and declares as follows: <br />A.WHEREAS, the City of Santa Ana Public Financing Authority (the <br />"Authority") was formed pursuant to the provisions of 6500 of the California <br />Government Code (the “Act”); and <br />B.WHEREAS, pursuant to the Act the Authority may from time to time make <br />Bylaws to carry into effect its powers and purposes; and <br />C.WHEREAS, the Authority must appoint officers to act on behalf of the <br />Authority; and <br />D.WHEREAS, the Authority has reviewed the Bylaws, which provides for the <br />appointment of officers, for the Authority, substantially in the form attached <br />hereto as Exhibit A; and <br />E.WHEREAS, the Joint Powers Agreement provides that regular meetings of <br />the Board of Directors of the Authority (the “Board of Directors”) shall be <br />held at such time as the Board of Directors may fix by resolution from time <br />to time and special meetings shall be held whenever called by the <br />Chairperson of the Board of Directors, the Executive Director of the <br />Authority or by a majority of the members of the Board of Directors; and <br />F.WHEREAS, Government Code Section 6592.1 requires resolutions <br />authorizing bonds or any issuance of bonds or accepting the benefit of any <br />bonds or the proceeds of bonds be adopted by a joint powers authority at a <br />regular meeting held pursuant to Government Code Section 54954. <br />Section 2. Approval of Bylaws. The Authority hereby approves and adopts the <br />Bylaws, substantially in the form attached hereto, marked “Exhibit A," with such revisions, <br />amendments and completions as shall be approved by the Executive Director or the <br />EXHIBIT 1