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o 0. <br />! <br />CITY COUNCIL MEETING DATE: <br />JUNE 21, 2016 <br />TITLE: <br />RESOLUTION FOR ISSUANCE OF <br />BONDS RELATED TO THE WARNER <br />INDUSTRIAL COMMUNITY <br />ASSESSMENT DISTRICT 2015 -01 <br />(PROJECT NO. 16 -6868) <br />(STRATEGIC PLAN NOS. 6, 1B & 1G) <br />TY MANAGEIV <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2 n Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />iK•�.�nnaasir•� <br />t7tlux21 t tl.telae7 <br />1. Adopt a resolution to authorize issuance of Limited Obligation Improvement Bonds for the City <br />of Santa Ana Assessment District No. 2015 -01 - Warner Industrial Community and approve <br />documents related to the issuance of such bonds. <br />Approve receipt of $27,443 from the Public Works Traffic & Transportation Engineering <br />account into the Special Assessment District Capital Improvement Fund (Non -City <br />Contribution) for FY 2016 -17, Warner Industrial Assessment District revenue account and <br />appropriating the same into the Warner Industrial Assessment District expenditure account <br />and authorize that the proceeds of such bonds be delivered to the Fiscal Agent for deposit in <br />the fund established under Fiscal Agent Agreement as provided for therein. <br />3. Authorize the City Manager to execute prepayments totaling $27,443 for the assessment of <br />City -owned Parcels No. 408 - 113 -11 and No. 408 - 161 -17. <br />Approve the Financing Structure for the total estimated project cost of $6,166,831 identifying <br />the City's share of $3,133,415 (51 percent) and parcel owners' share of $3,033,416 (49 <br />percent). <br />5. Approve an Appropriation Adjustment for FY 2016 -17 recognizing receipt of funds up to <br />$1,229,122 in bond proceeds into the WIC Capital Improvements Fund revenue account and <br />appropriating the same into the WIC Capital Improvements Fund expenditure account, and <br />authorize that the proceeds of such bonds be delivered to the Fiscal Agent for deposit in the <br />fund established under Fiscal Agent Agreement as provided for therein. <br />6. Approve an Appropriation Adjustment in FY 2016 -17 recognizing an estimated $869,495 in <br />assessment prepayment revenue received from Warner Industrial Community Assessment <br />District property owners into the Special Assessment District Capital Improvement Fund (Non- <br />55B -1 <br />