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WHEREAS, the Board further finds that it is appropriate for appointed officials <br />who are directors to participate in this action, although a number have abstained from <br />programs affecting their respective agencies; and <br /> <br /> WHEREAS, the Board further finds that as to funding for the One Stop Capital <br />Shop Program (RFP No. 25) and Federal Empowerment Zone/Healthy Cities Program <br />(RFP No. 20), for which Directors Garza and Bracho, respectively, were potentially <br />interested, the Board prior to voting determined the following: <br /> <br />1. The Board entered into the transaction for its own benefit; <br /> <br />2. The transaction was fair and reasonable as to the Santa Ana <br /> Empowerment Corporation at the time it was entered into; <br /> <br />The Board approved the transaction with knowledge of the director's self- <br />interest and by a majority vote (which does not count the vote of the <br />potentially interested director, since he or she abstained); <br /> <br />Before approving the transaction, the Board and the Budget and Program <br />Task Force considered alternative arrangements and in good faith found, <br />after this reasonable investigation, that the Santa Ana Empowerment <br />Corporation could not obtain a more advantageous arrangement with <br />reasonable effort from other, disinterested parties; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF <br />THE SANTA ANA EMPOWERMENT CORPORATION: <br /> <br /> 1. That the recommendations of the Budget and Program Task Force for <br />second year federal Empowerment Zone funding is hereby approved, as set forth in <br />Exhibit C to this Resolution (under the column heading entitled "Suggested Funding"), <br />which is incorporated herein by this reference. <br /> <br /> 2. That the General Counsel of the Santa Ana Empowerment Corporation is <br />hereby directed, and the Chair is authorized to execute, as attested by the Secretary, <br />written agreements with each agency awarded second year funding. <br /> <br /> 3. That the Executive Director is directed to submit the approved second <br />year programs to the United States Department of Housing and Urban Development for <br />the federal Ernpowerment Zone program year 2000-2001. <br /> <br />ADOPTED this 26TM day of April, 2000 <br /> <br />SAEC Resolution No. 2000-01 <br />Page 2 of 3 <br /> <br /> <br />