01 - MINUTES 12-06-2010 - Laserfiche WebLink

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1. Adopt a resolution. CRA RESOLUTION NO. 2010-05 - A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE AND SALE OF TAX ALLOCATION BONDS TO FINANCE AND REFINANCE REDEVELOPMENT ACTIVITIES WITHIN OR FOR THE BENEFIT OF THE AGENCY'S MERGED PROJECT AREA AND APPROVING RELATED DOCUMENTS AND ACTIONS 2. Authorize the payment of the credit rating fee to Standard and Poors in an amount not to exceed $27,000. 3. Authorize the payment of the credit rating fee to Fitch Ratings in an amount not to exceed $30,000. 4. Authorize the payment of fees to Keyser Marston Associates, Inc. for preparation of the Fiscal Consultant Report and related services in an amount not to exceed $35,000. 5. Direct the Agency General Counsel to prepare and authorize the Executive Director and Agency Secretary to execute agreements with the financing team composed of financial advisor CSG Advisors, Incorporated (up to $85,000 plus expenses), underwriters Stone and Youngberg and De La Rosa & Co. (expected $6.00-$6.25 per $1,000 of bonds, approximately $470,000), bond counsel Quint & Thimmig (up to $110,000 plus expenses), and special disclosure counsel Stradling, Yocca, Carlson & Rauth (up to $90,000 plus expenses), subject to non- substantive changes approved by the Executive Director and Agency General Counsel. SANTA ANA FINANCING AUTHORITY MOTION; Adopt a resolution. SAFA RESOLUTION NO. 2010-002 - A RESOLUTION OF THE GOVERNING BOARD OF THE SANTA ANA FINANCING AUTHORITY AUTHORIZING THE PURCHASE AND SALE OF TAX ALLOCATION BONDS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ISSUED TO FINANCE REDEVELOPMENT ACTIVITIES WITHIN OR FOR THE BENEFIT OF THE AGENCY'S MERGED PROJECT AREA AND APPROVING RELATED DOCUMENTS AND ACTIONS MOTION: Sarmiento SECOND: Benavides VOTE: AYES: Alvarez, Benavides, Bustamante, Sarmiento, Tinajero (5) CRA MINUTES 4 DECEMBER 6, 2010