06-03-1985 - Laserfiche WebLink

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MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF SANTA ANA, CALIFORNIA June 3, 1985 The meeting was called to order at 1:21 p.m., in Room 147, Council Chambers, 22 Civic Center Plaza by Mayor Daniel E. Griset. Council- members present w~re John Acosta, Wilson B. Hart, P. Lee Johnson, R. W. Lux~rabourger, Patricia A. Mc~uigan and Mayor Griset. Also present were City Manager Robert C. Bobb, City Attorney ~dward J. Cooper and Clerk of the Council Janice C. Guy. Councilm~mber Dan Young was ab- sent. WORKSTUDY SESSION Bi-Annual Council Conference Councilm~a~bers discussed possible dates and locations for their bi-annual conference to discuss next year's policy initiatives. Following a brief discussion, the Council tentatively decided on August 9-11, 1985 at an out-of-town location, any place between San Diego and Santa Barbara to be arranged by staff. The City Manager indicated the Councilmembers would review possible agenda it,s for the conference prior to preparation of the final agenda. Capital Im~rov~ents Financing Program David Ream, Project Director, for the Citywide Capital Improv~nents Financing Program, provided a brief overview of the City's proposed Financing Program, explaining the proposed bond issue would provide sufficient funds for imple~nentation of projects contained in the cur- rent master plan, as well as provide an impetus for significant pri- vate investment. He reported that 12 financial consultants and six bond counsels had responded to the City's Request for Proposals for the Financing Program, and that staff was reco~ending an extr~ely experienced team composed of Jones, Hall, Hill & White as bond coun- sel; Rausch, Pierce Refsnes, Inc. as financial consultant; Goldman Sachs and Ccmpany as Managing Underwriter; and four Co-managing Underwriters including Drexel, Burnham and Lambert; First Boston Cor- poration; Salomon Brothers, Inc.; and Shearson Lehman/knerican Ex- press, Inc. CITY COUNCIL MINUTES 222 JUNE 3, 1985