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REQUEST FOR <br />COUNCIL/FINANCING <br />AUTHORITY ACTION <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />JANUARY 20, 2004 <br />TITLE: <br /> <br />PUBLIC HEARING - REFUNDING OF <br />POLICE ADMINISTRATION AND <br />HOLDING FACILITIES LEASE <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />APPROVED [] As Recommended <br /> [] As Amended <br /> [] Ordinance on 1st Reading <br /> [] Ordinance on 2no Reading <br /> [] Implementing Resolution <br /> [] Set Public Hearing For <br /> <br />CONTINUED TO <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 Aha 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 <br />Markets Inc., financial advisor Northcross, Hill <br />counsel Orrick, Herrington & Sutcliffe LLP. <br /> <br />Citigroup Global <br />& Ach, and bond <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 />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 />Page 195 75.C. <br /> <br /> <br />