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THE CITY OF SANTA ANA CANCELING THE REGULAR CITY COUNCIL MEETING <br />OF JUNE 18, 2024 <br />N <br />2. Approve resolution rescheduling the Regular City Council meeting scheduled for <br />June 18, 2024 to a date to be determined by the City Council. <br />RESOLUTION NO. 2024-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA RESCHEDULING THE REGULAR CITY COUNCIL <br />MEETING OF JUNE 18, 2024 TO , 2024. <br />38. Resolution of the City of Santa Ana Authorizing the Issuance and Sale of Water <br />Revenue Bonds, Series 2024 <br />Department(s): Finance and Management Services <br />Recommended Action: 1. Adopt a resolution authorizing the Issuance of the Santa <br />Ana Financing Authority's Water of Santa Ana Water Revenue Bonds, Series 2024 <br />("the Bonds") <br />RESOLUTION NO. 2024-XXX entitled RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA AUTHORIZING THE EXECUTION AND DELIVERY BY <br />THE CITY OF A MASTER INSTALLMENT PURCHASE AGREEMENT, A FIRST <br />SUPPLEMENT TO MASTER INSTALLMENT PURCHASE AGREEMENT, AN <br />ESCROW AGREEMENT, A CONTINUING DISCLOSURE CERTIFICATE AND A <br />PURCHASE CONTRACT IN CONNECTION WITH THE ISSUANCE OF SANTA ANA <br />PUBLIC FINANCING AUTHORITY WATER REVENUE BONDS, SERIES 2024, <br />APPROVING THE ISSUANCE OF SUCH BONDS IN AN AGGREGATE PRINCIPAL <br />AMOUNT OF NOT TO EXCEED $47,000,000, AUTHORIZING THE DISTRIBUTION <br />OF AN OFFICIAL STATEMENT IN CONNECTION WITH THE OFFERING AND SALE <br />OF SUCH BONDS, AND AUTHORIZING THE EXECUTION OF NECESSARY <br />DOCUMENTS AND CERTIFICATES AND RELATED ACTIONS. <br />2. Authorize the execution of and approving a form of the Master Installment Purchase <br />Agreement, First Supplement to the Master Installment Purchase Agreement, Escrow <br />Agreement, Bond Purchase Agreement, Indenture of Trust, and Preliminary Official <br />Statement. <br />39. Local Resident Preference in Affordable Housing Ordinance <br />Department(s): Community Development Agency <br />Recommended Action: Approve first reading of the Local Resident Preference in <br />Affordable Housing Ordinance to comply with the State of California Local Tenant <br />Preferences to Prevent Displacement Act and codify the City's existing local resident <br />preference policy. <br />ORDINANCE NO. NS-XXXX entitled AN ORDINANCE OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA CREATING A NEW ARTICLE XXI IN CHAPTER 8 OF <br />THE MUNICIPAL CODE TO CODIFY THE CITY'S LOCAL RESIDENT <br />Page 16 6/4/2024 <br />