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<br /> <br /> REQUEST FOR COUNCIL/ <br /> AGENCY / FINANCING <br /> AUTHORITY ACTION <br /> MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> DECEMBER 6, 2010 <br /> <br /> TITLE: APPROVED <br /> O As Recommended <br /> RESOLUTIONS APPROVING PURCHASE, ISSUANCE O As Amended <br /> AND SALE OF TAX ALLOCATION BONDS AND O Ordinance on 1st Reading <br /> TAXABLE RECOVERY ZONE ECONOMIC 0 Ordinance on 2nd Reading <br /> DEVELOPMENT BONDS AND APPROVING O Implementing Resolution <br /> RELATED DOCUMENTS AND ACTIONS O Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> CITY MANAGER XECUTI DIRECTOR <br /> RECOMMENDED ACTION <br /> CITY COUNCIL ACTION <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 /> 4-1 <br />