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Section 2. The Agency hereby finds that transferring $3,679,546 from the Low and <br />Moderate Income Housing funds and $6,302,827 from the South Main Commercial Corridor <br />funds is necessary due to the insufficiency of other revenue sources. <br />Section 3. The Executive Director of the Agency is hereby authorized to take all <br />necessary actions and to sign all documents and instruments necessary to make the <br />$17,889,256 payment to the County Auditor for deposit into the Supplemental Educational <br />Revenue Augmentation Fund on or before May 10, 2010. <br />Section 4. This Resolution shall take effect immediately upon its adoption by the City <br />Council, and the Clerk of the Council shall attest to and certify the vote adopting this <br />Resolution. <br />ADOPTED this 3rd day of May, 2010. <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, General Counsel <br />By:~, ~ ~' <br />Lisa E. Storck <br />Assistant General Counsel <br />AYES: Boardmembers: Alvarez, Benavides, Bustamante Martinez_ <br />Pulido, Sarmiento Tinajero (7) <br />NOES: Boardmembers: None (0) <br />ABSTAIN: Boardmembers: None (0) <br />NOT PRESENT: Boardmembers: None (0) <br />CERTIFICATION OF ATTESTATION AND ORIGINALITY <br />I, Maria D. Huizar, Secretary of the Agency, do hereby attest to and certify the attached <br />Resolution No. CRA 2010-001 to be the original resolution adopted by the Community <br />Redevelopment Agency of the City of Santa Ana on Ma 3 2010. <br />Date: _ S"1 (o /~i o <br />~-' . ~~ <br />Secretary, Community Redev I pment Agency <br />City of Santa Ana <br />Resolution No. CRA 2010-001 <br />Page 2 of 2 <br />