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REQUEST FOR <br />COUNCIL/FINANCING <br />AUTHORITY ACTION <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />JANUARY 20, 2004 <br /> <br />TITLE: <br /> <br />PUBLIC HEARING - REFUI~DING OF <br />POLICE ADMINISTP~ATION AND <br />HOLDING FACILITIES LEASE <br />REVENUE ~ONDS, ~ERIES 1994A <br /> <br /> CITY MANAGER <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />APPROVED [] As Recommended <br /> [] As Amended <br /> [] Ordinance on 1~ Reading <br /> [] Ordinance on 2n~ Reading <br /> [] Implementing Resolution <br /> [] Set Public Hearing For <br /> <br />CONTINUEDTO <br /> <br />FILENUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />CITY COUNCIL ACTION <br /> <br />Adopt a resolution authorizing the execution of documents and <br />related actions necessary for the issuance of Santa Ana Financing <br />Authority Police Administration and Holding Facility Lease Revenue <br />Refunding Bonds, Series 2004A in an aggregate amount not to exceed <br />$42 million. <br /> <br />Approve a financing team composed of underwriter Citigroup Global <br />Markets Inc., financial advisor Northcross, Hill & Ach, and bond <br />counsel Orrick, Herrington & SutCliffe LLP. <br /> <br />FINANCING AUTHORITY ACTION <br /> <br />Adopt a resolution authorizing the execution of documents and <br />related actions necessary for the issuance of Santa Ana Financing <br />Authority Police Administration and Holding Facility Lease Revenue <br />Refunding Bonds, Series 2004A in an aggregate amount not to exceed <br />$42 million. <br /> <br />o <br /> <br />Approve a financing team composed of underwriter Citigroup Global <br />Markets Inc., financial advisor Northcross, Hill & Ach, and bond <br />counsel Orrick, Herrington & Sutcliffe LLP. <br /> <br />DISCUSSION <br /> <br />On March 23, 1994, the Santa Ana Financing Authority (the ~Authority") <br />issued Police Administration and Holding Facility Lease Revenue Bonds, <br />Series 1994A in the amount of $107,399,439 to fund the construction and <br />equipping of the Police Administration and Holding Facility. The lease- <br /> <br />75C <br /> <br /> <br />