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REQUEST FOR COUNCIL/ <br />AGENCY / FINANCING <br />AUTHORITY ACTION <br />MEETING DATE: <br />DECEMBER 6, 2010 <br />TITLE: <br />RESOLUTIONS APPROVING PURCHASE, ISSUANCE <br />AND SALE OF TAX ALLOCATION BONDS AND <br />TAXABLE RECOVERY ZONE ECONOMIC <br />DEVELOPMENT BONDS AND APPROVING <br />RELATED DOCUMENTS AND ACTIONS <br />CITY MANAGER EXECUTIVE ]RECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1st Reading <br />? Ordinance on 2nd Reading <br />? Implementing Resolution <br />? Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Adopt a resolution approving the issuance and sale of the tax allocation bonds of the Community <br />Redevelopment Agency of the City of Santa Ana to finance and refinance redevelopment activities <br />within or for the benefit of the Agency's Merged Project Area. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Adopt a resolution authorizing the issuance and sale of tax allocation bonds to finance and <br />refinance redevelopment activities within or for the benefit of the Agency's Merged Project <br />Area and approving related documents and actions. <br />2. Authorize the payment of the credit rating fee to Standard and Poors in an amount not to <br />exceed $27,000. <br />3. Authorize the payment of the credit rating fee to Fitch Ratings in an amount not to exceed <br />$30,000. <br />4. Authorize the payment of fees to Keyser Marston Associates, Inc. for preparation of the Fiscal <br />Consultant Report and related services in an amount not to exceed $35,000. <br />5. Direct the Agency General Counsel to prepare and authorize the Executive Director and <br />Agency Secretary to execute agreements with the financing team composed of financial <br />advisor CSG Advisors, Incorporated (up to $85,000 plus expenses), underwriters Stone and <br />Youngberg and De La Rosa & Co. (expected $6.00-$6.25 per $1,000 of bonds, approximately <br />8OA-1