80A - JOINT - RESO - BONDS AND LEASE AGMT

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REQUEST FOR COUNCIL /SANTA ANA FINANCING AUTHORITY ACTION CITY COUNCIL MEETING DATE: JUNE 03, 2014 TITLE: RESOLUTIONS EXECUTING AGREEMENTS AND FINANCING DOCUMENTS RELATED TO DEFEASE, REFUND, AND AMENDING BOND SERIES 1994A, 2004A, 1998, AND 2007 LEASE AGREEMENT CITY MANAG R RECOMMENDED ACTION CITY COUNCIL ACTION CLERK OF COUNCIL USE ONLY: p••:• ❑ As Recommended ❑ As Amended ❑ Ordinance on 1" Reading ❑ Ordinance on 2ntl Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution authorizing the execution of certain lease financing documents in connection with the defeasance (retiring) of a portion of the Police Administration and Holding Facility Lease Revenue Bonds, Series 1994A, and the defeasance and refunding of the outstanding City of Santa Ana Certificates of Participation (1998 City Hall Expansion Project) and authorize the City Manager and Executive Director of Finance to execute all related documents and actions to complete the transaction as reference in Exhibit A. 2. Adopt a resolution approving an amendment of the City Hall Parking Structure Lease Agreement to reduce the interest rate to 3.60% SANTA ANA FINANCING AUTHORITY ACTION Adopt a resolution authorizing the execution of certain lease financing documents in connection with the defeasance of a portion of the Santa Ana Financing Authority Police Administration and Holding Facility Lease Revenue Bonds, Series 1994A, and the defeasance and refunding of the outstanding City of Santa Ana Certificates of Participation (1998 City Hall Expansion Project) and authorizing and directing certain actions to complete transactions. 2. Adopt a resolution approving an amendment of the City Hall Parking Structure Lease Agreement to reduce the interest rate to 3.60% 80A -1