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VOTE: AYES: Alvarez, Bustamante, Sarmiento, Tinajero (4) <br />NOES: None (0) <br />ABSTAINED Benavides, Martinez, Pulido (3) <br />AND NOT <br />PRESENT: <br />ABSENT: None (0) <br />*Mayor Pulido, Councilmembers Benavides and Martinez returned to the dais at 7:16 p.m. <br />Mayor Pulido re-assumed the Chair. <br />75B PUBLIC HEARING ON ISSUANCE OF TAX EXEMPT BONDS FOR JAKE'S <br />LIFE AND RESOLUTION APPROVING THE ISSUANCE OF BONDS - <br />Finance & Management Services <br />Legal Notice published in the Orange County Register on November 1, 2010. <br />No staff report provided. There was no written correspondence received. <br />The Public Hearing opened at 7:18 p.m. There were no speakers and the <br />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 of <br />Jake's LIFE, a California nonprofit public benefit corporation (or any <br />successor thereto or assigns thereof), for the purpose of the <br />acquisition, rehabilitation, improvement and equipping of certain <br />real property and improvements thereon located at 1525 North <br />Tustin Avenue, Santa Ana, California 92705. <br />2. Adopt a resolution. <br />RESOLUTION NO. 2010-054 - A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE <br />OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY REVENUE <br />BONDS (REGIONAL CENTER OF ORANGE COUNTY PROJECT), <br />SERIES 2010 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO <br />EXCEED $25,000,000 FOR THE PURPOSE OF FINANCING THE <br />ACQUISITION, REHABILITATION, IMPROVEMENT AND EQUIPPING <br />OF AN OFFICE BUILDING AND CERTAIN OTHER MATTERS <br />RELATING THERETO <br />CITY COUNCIL MINUTES 15 NOVEMBER 15, 2010 <br />1 0A-15