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PUBLIC HEARINGS <br />MOTION: Martinez SECOND: Alvarez <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 />75.C. <br />PUBLIC HEARING - TEFRA ON ISSUANCE OF TAX EXEMPT BONDS <br />FOR CHARTER PUBLIC SCHOOL FACILITY <br />Legal notice published in the Orange County Register on June 22, 2008 <br />No written communication <br />No speakers; public hearing closed <br />Motion: <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 />2. Adopt a resolution. <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 />MOTION: Bustamante 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 />CITY COUNCIL MINUTES 196 JULY 7, 2008 <br />