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3. PURCHASE OF DEBT SERVICE SURETY BOND FOR POLICE <br />ADMINISTRATION AND HOLDING FACILITIES LEASE REVENUE BONDS, <br />SERIES 1994A <br />Recommended action: <br />1. Authorize the execution of documents and related actions necessary <br />for the purchase of a debt service surety bond to be used as a <br />replacement for one half of the cash funded debt service reserve of <br />the Police Administration and Holding Facility Lease Revenue Bonds, <br />Series 1994A. <br />2. Approve a financing team composed of financial advisor Northcross, <br />Hill & Ach, and bond counsel Orrick, Herrington & Sutcliffe LLP. <br />* * * END OF CONSENT CALENDAR <br />COMMENTS <br />4. PUBLIC COMMENTS <br />AT THIS TIME the members of the public may address the Authority <br />regarding any non-agenda items within the subject matterjurisdiction of the <br />Financing Authority. NO action may be taken on non-agenda items unless <br />authorized by law. <br />WHEN SPEAKING, please state your name and address for the record. <br />Limit your remarks to three (3) minutes. The number of speakers and <br />allotted time may be limited at the discretion of the Authority members. <br />5. AUTHORITY MEMBER COMMENTS <br />AT THIS TIME authority members may comment on non-agenda matters and <br />ask questions of or give directions to staff. NO action may be taken on non- <br />agenda items unless authorized by law. <br />ADJOURNMENT <br />SANTA ANA FINANCING AUTHORITY AGENDA 2 DECEMBER 20 2004 <br />