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<br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />Motion: Adopt a resolution <br /> <br />CRA RESOLUTION NO. 2006-005 Finding that borrowing <br />$3,330,894.37 in Housing Set-Aside Funds to make the FY 2005-2006 <br />payment to the Educational Revenue Augmentation Fund is necessary <br />due to the insufficiency of other revenue sources. <br /> <br />MOTION: Bist <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Bustamante, Christy, Garcia, <br />Pulido, Solorio (7) <br /> <br />NOES: None (0) <br />ABSTAIN: None (0) <br /> <br />ABSENT: None (0) <br /> <br />COMMENTS <br /> <br />5. <br /> <br />PUBLIC COMMENTS - None <br /> <br />6. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY <br />COMMENTS - None <br /> <br />BOARDMEMBER <br /> <br />ADJOURNMENT - 7:24 p.m. - To May 15, 2006, at 6:05 p.m., or as soon thereafter as <br />the matter can be heard in the Police Community Room, 60 Civic <br />Center Plaza, Santa Ana, California. <br /> <br /> <br />Patricia E. Healy <br />Recording Secretary <br /> <br />eRA MINUTES <br /> <br />3 <br /> <br />MAY 1, 2006 <br />