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RESOLUTION NO. 2016 -038 - A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE OF TAX - <br />EXEMPT OBLIGATIONS BY THE CALIFORNIA ENTERPRISE <br />DEVELOPMENT AUTHORITY IN AN AGGREGATE PRINCIPAL AMOUNT <br />NOT TO EXCEED $55,000,000 TO FINANCE AND REFINANCE VARIOUS <br />SCHOOL FACILITIES OWNED BY ORANGE COUNTY SCHOOL OF THE <br />ARTS, THE LEGACY FUND, AND /OR THE OPUS FUND, LLC <br />MOTION: Tinajero <br />SECOND: Benavides <br />VOTE: AYES: <br />Amezcua, Benavides, Pulido, Reyna, Tinajero (5) <br />NOES: <br />None (0) <br />ABSTAIN: <br />None (0) <br />ABSENT: <br />Martinez, Sarmiento (2) <br />75C. PUBLIC HEARING - ISSUANCE OF OBLIGATIONS BY THE CALIFORNIA <br />ENTERPRISE DEVELOPMENT AUTHORITY FOR THE BENEFIT OF <br />ORANGEWOOD REAL PROPERTY AND SAMUELI ACADEMY (STRATEGIC <br />PLAN NO. 2, 4) - Community Development Agency <br />Legal Notice published in the Orange County Register on May 24, 2016. <br />Mayor Pulido opened the Public Hearing; there were no speakers and Hearing <br />closed. <br />MOTION: <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing <br />in consideration of issuance of tax - exempt obligations by the California <br />Enterprise Development Authority for the purpose of financing and <br />refinancing educational and related facilities located at 1901 and 1919 <br />North Fairview Street, Santa Ana, California, for the benefit of <br />Orangewood Real Property, LLC and Samueli Academy. <br />2. Adopt a resolution. <br />RESOLUTION NO. 2016 -039 - A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE OF TAX - <br />EXEMPT OBLIGATIONS BY THE CALIFORNIA ENTERPRISE <br />DEVELOPMENT AUTHORITY IN AN AGGREGATE PRINCIPAL AMOUNT <br />NOT TO EXCEED $12,750,000 TO FINANCE AND REFINANCE VARIOUS <br />SCHOOL FACILITIES OWNED BY ORANGEWOOD REAL PROPERTY, <br />LLC <br />CITY COUNCIL MINUTES 29 JUNE 7, 2016 <br />1 OA -29 <br />