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<br /> <br /> <br /> <br /> RESOLUTION NO. SAFA- 2010- <br /> A RESOLUTION OF THE GOVERNING BOARD OF THE <br /> SANTA ANA FINANCING AUTHORITY ESTABLISHING <br /> THE REGULAR MEETINGS OF THE AUTHORITY FOR <br /> FISCAL YEAR 2010-2011 <br /> BE IT RESOLVED BY THE SANTA ANA FINANCING AUTHORITY AS <br /> FOLLOWS: <br /> Section 1. The Governing Board of the Santa Ana Financing Authority hereby <br /> finds, determines and declares as follows: <br /> A. The Authority is a public agency duly organized and existing pursuant to a <br /> Joint Exercise of Powers Agreement (the "JPA Agreement"), dated August <br /> 1, 1993, by and between the City of Santa Ana (the "City") and the <br /> Community Redevelopment Agency of the City of Santa Ana (the <br /> "Agency") ; <br /> B. The Authority is governed by a board of directors comprised of the seven <br /> member City Council of the City; <br /> C. The Authority is statutorily authorized by Article 4 of Chapter 5 of Division <br /> 7 of Title 1 of the California Government Code and is empowered under <br /> the JPA agreement to issue its bonds to, among other things, provide <br /> financial assistance to the City and/or the Agency; <br /> D. Section 6592.1 of the California Government Code, newly effective as of <br /> January 1, 2010, provides that a resolution authorizing bonds or any <br /> issuance of bonds or accepting the benefit of any bonds or the proceeds <br /> of bonds must be adopted by the Authority only during a regular meeting; <br /> E. To provide flexibility for the Authority to adopt resolutions for the issuance <br /> of bonds when expedient, it is necessary and appropriate to establish <br /> regular meeting dates for the Authority for Fiscal Year 2010-2011. <br /> Section 2. The Authority hereby determines that November 15, 2010, <br /> December 6, 2010, and December 20, 2010 shall be established as regular meeting <br /> dates of the Authority for Fiscal Year 2010-2011, to be held in conjunction with regular <br /> meetings of the City Council of the City. Such establishment of regular meeting dates <br /> shall not preclude the calling of special meetings of the Authority, when necessary, for <br /> purposes other than the adoption of resolutions for the issuance of bonds. <br /> Section 3. This Resolution shall take effect immediately upon its adoption by <br /> the Governing Board of the Authority, and the Secretary of the Authority shall attest to <br /> Resolution No. SAFA 2010- <br /> 4-3 Page 1 of 2 <br />