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<br />PUBLIC HEARINGS <br /> <br />MOTION: Martinez <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Benavides, Bustamante, Martinez, <br />Tinajero, Sarmiento, Pulido (7) <br /> <br />NOES: None (0) <br /> <br />ABSTAIN: None (0) <br /> <br />ABSENT: None (0) <br /> <br />75.C. PUBLIC HEARING - TEFRA ON ISSUANCE OF TAX EXEMPT BONDS <br />FOR CHARTER PUBLIC SCHOOL FACILITY <br /> <br />Legal notice published in the Orange County Register on June 22, 2008 <br /> <br />No written communication <br /> <br />No speakers; public hearing closed <br />Motion: <br /> <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) <br />Hearing in consideration of the issuance of tax exempt bond <br />financing by the California Municipal Finance Authority on behalf <br />of the Orange County Educational Arts Academy, a public charter <br />school, for the purpose of the acquisition, construction, and <br />improvement of property located at 825 North Broadway, Santa <br />Ana. <br /> <br />2. Adopt a resolution. <br /> <br />RESOLUTION NO. 2008-053 - Authorizing the execution of a Joint <br />Powers Agreement with the California Municipal Finance Authority <br />(Authority) and approve the issuance of revenue bonds by the <br />Authority in an amount not to exceed $11,500,000 for the purpose of <br />acquisition, construction, and improvement of property located at 825 <br />North Broadway, Santa Ana. <br /> <br />MOTION: Bustamante <br /> <br />SECOND: Benavides <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Benavides, Bustamante, Martinez, <br />Tinajero, Sarmiento, Pulido (7) <br /> <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br /> <br />CITY COUNCIL MINUTES <br /> <br />196 <br /> <br />JULY7,2008 <br />