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Motion by Zaragoza, seconded by Martinez, to approve the Bylaws, with an amendment <br />to Section 4. 03 to include a method for choosing Director terms that ensures at least one <br />Resident Director is selected for each of the term categories (one-year, two-year and <br />three year), was approved by the vote of 20-0-2-0. <br /> <br />AFFIRMATION OF PRIOR, PRE-INCORPORATION BOARD <br />RECOMMENDATIONS <br /> <br />Director Davis indicated a potential conflict of interest since the Southland Corporation could <br />receive revenue from the application fee to be paid by those applying for Industrial Development <br />Bonds and absented himself from the meeting. <br /> <br />Acting Counsel Kaufrnan provided the Board with full disclosure of the fact that staff was <br />considering contracting with the Southland Corporation to review and make recommendations to <br />staff on the merits of applications received by the City for issuance of Industrial Development <br />Bonds. He indicated that if the Southland Corporation performed this service, then a portion of <br />the application fee would pay for the Corporation's review. <br /> <br />Executive Director Nelson declared neither staff nor local consultant other than Southland could <br />provide the unique service requested, and indicated Southland's fees were inexpensive and the <br />firm experienced in handling applications for Industrial Development Bond funds. She noted <br />that the Board in approving the resolution could in good faith determine, after staff's reasonable <br />investigation under the circumstances, that the corporation could not have obtained a more <br />advantageous arrangement with reasonable effort under the circumstances. <br /> <br />Motion by Burrier-Lund, seconded by Dietz, to adopt the following resolution was <br />approved by the vote of 19-0-3-0. <br /> <br />SAEC RESOLUTION NO. 1999-03 A resolution confirming (1) the form to be used to <br />apply for Industrial Development Bonds, and (2) authorization to obtain temporary <br />marketing brochures <br /> <br />COMMITTEE REPORTS <br /> <br />1. OPERATING AGREEMENT <br /> <br />Director Garza updated the Board regarding development of the agreement that will define the <br />working relationship between the City and the Corporation and ensure the Board is empowered <br />to make all decisions. Staff indicated a draft Operating Agreement would be circulated to <br />Directors prior to the next Board meeting. <br /> <br />2. ESTABLISHMENT OF AD HOC MARKETING COMMITTEE <br /> <br />Empowerment Zone Manager Schindler reported that he had communicated with Santa Ana <br />Unified School District and Santa Ana College and that representatives from both institutions <br />had expressed interest in working with the Empowerment Zone staff and Board to develop <br />marketing brochures for the Zone. <br /> <br />SANTA ANA EMPOWERMENT CORPORATION 8 SEPTEMBER 22, 1999 MINUTES <br /> <br /> <br />