2001-001 SAEC - Laserfiche WebLink

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VVHEREAS, the Board further finds that it is appropriate for appointed officials who are directors to participate in this action, although a number have abstained from programs affecting their respective agencies; and WHEREAS, the Board further finds that as to those authorizations listed in Exhibit A, for which the designated Director was potentially interested, the Board prior to voting determined the following: 1. The Board entered into the transaction for its own benefit; The transaction was fair and reasonable as to the Santa Ana Empowerment Corporation at the time it was entered into; The Board approved the transaction with knowledge of the director's self- interest and by a majority vote (which does not count the vote of the potentially interested director, since he or she abstained); Before approving the transaction, the Board and the Budget and Program Task Force considered alternative arrangements and in good faith found, after this reasonable investigation, that the Santa Ana Empowerment Corporation could not obtain a more advantageous arrangement with reasonable effort from other, disinterested parties; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SANTA ANA EMPOVVERMENT CORPORATION: 1. That the recommendations of the Budget and Program Task Force for second year federal Empowerment Zone funding are hereby approved. 2. That the General Counsel of the Santa Ana Empowerment Corporation is hereby directed, and the Chair is authorized to execute, as attested by the Secretary, written agreements with each agency awarded third year funding. 3. That the Executive Director is directed to submit the approved second year programs to the United States Department of Housing and Urban Development for the federal Empowerment Zone program year 2001-2002. ADOPTED this 23rd day of May, 2001 A'I-I'EST: / Patricia E. Healy .. Secretary of the Corporation /J'0e W. Yanez Chair Resolution No. SAEC 2001-01 Page 2 of 4