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BUSINESS CALENDAR <br />COUNCIL RECESSED TO JOINT SESSION BETWEEN CITY COUNCIL AND THE <br />SANTA ANA FINANCING AUTHORITY MEETING AT 8:02 P.M. <br />80.A. RESOLUTION APPROVING AGREEMENTS AND FINANCING <br />DOCUMENTS FOR LOCAL STREET FINANCING <br />Lloyd Hamilton asked if the money designated for local street financing <br />was to be used for residential streets only; Jackie Deter questioned the <br />need to add additional personnel <br />Motion: <br />Adopt a resolution. <br />RESOLUTION NO. 2007-086 - A resolution of the City Council of the City <br />of Santa Ana authorizing the execution and delivery of a certificate <br />purchase agreement and authorizing the distribution on an official <br />statement in connection with the offering and sale of such certificates, and <br />other matters relating thereto, and ratifying action previously taken or <br />approved to be taken, including the execution and delivery of an <br />installment sale agreement and the execution and delivery of City of Santa <br />Ana, California, Gas Tax Revenue Certificates of Participation (2007 Local <br />Street Improvement Project) pursuant to a trust agreement. <br />MOTION: Alvarez SECOND: Benavides <br />VOTE: AYES: Alvarez, Benavides, Bustamante, Martinez, <br />Tinajero, Sarmiento, Pulido (7) <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br />COUNCIL RECONVENED WITH ALL MEMBERS PRESENT AT 8:23 P.M. <br />COUNCIL RECESSED TO A JOINT SESSION BETWEEN CITY COUNCIL AND THE <br />COMMUNITY REDEVELOPMENT AGENCY AT 8:23 P.M. <br />clrr couNCIL MINUTES 395 DECEMBER 3, 2007 <br />