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Community Development Agency <br />www.santa-ana.org/cd <br />Item # 22 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />November 4, 2025 <br />TOPIC: Resolution Approving the Issuance of Taxable Bonds by California Enterprise <br />Development Authority (CEDA) <br />AGENDA TITLE <br />Resolution Approving the Issuance of Taxable Bonds by California Enterprise <br />Development Authority (CEDA) for the Purpose of Financing, Refinancing, and/or <br />Reimbursing the Cost of Manufacturing Facilities for the Benefit of Robinson Pharma, <br />Inc. <br />RECOMMENDED ACTION <br />Adopt a Resolution approving issuance of California Enterprise Development Authority <br />(CEDA) Bonds for the purpose of financing, refinancing, and/or reimbursing the cost of <br />manufacturing facilities for the benefit of Robinson Pharma, Inc. located at 3130 South <br />Fairview Street. <br />RESOLUTION NO. 2025-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA, APPROVING THE ISSUANCE OF NOT TO EXCEED <br />$40,000,000 TAXABLE REVENUE BONDS BY THE CALIFORNIA ENTERPRISE <br />DEVELOPMENT AUTHORITY FOR 3130 SOUTH FAIRVIEW STREET <br />GOVERNMENT CODE §84308 APPLIES: Yes <br />DISCUSSION <br />State laws provide the ability for cities and counties to join together under cooperative <br />agreements to form joint powers authorities (JPA) to issue tax-exempt and taxable <br />bonds to fund projects that provide a public benefit and serve the needs of residents <br />within the jurisdictions of the participating members. While individual cities and counties <br />in California may issue conduit revenue bonds directly, many choose to utilize JPAs to <br />achieve economies of scale, access specialized expertise and resources, and minimize <br />the use of local staff time on such transactions. <br />The California Enterprise Development Authority (CEDA) is a joint powers authority <br />established in 2006 to address gaps in economic development financing by issuing tax- <br />exempt and taxable conduit revenue bonds for industrial, commercial, and other public- <br />purpose projects. CEDA facilitates private activity bond issuance to support economic <br />and community development within its member jurisdictions. The City of Santa Ana is an <br />associate member of CEDA, which currently includes 285-member communities <br />statewide.