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<br />55B. ISSUANCE OF BONDS RELATED TO THE WARNER INDUSTRIAL <br />COMMUNITY ASSESSMENT DISTRICT 2015-01 (PROJECT NO. 16-6868) <br />{STRATEGIC PLAN NOS. 6, 1B & 1G} - Public Works Agency <br /> <br />RECOMMENDED ACTIONS: <br /> <br /> <br />1.Adopt a resolution. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA, <br />CALIFORNIA, AUTHORIZING THE ISSUANCE OF CITY OF SANTA ANA <br />ASSESSMENT DISTRICT NO. 2015-01 (WARNER INDUSTRIAL COMMUNITY) <br />LIMITED OBLIGATION IMPROVEMENT BONDS, APPROVING FISCAL <br />AGENT AGREEMENT, OFFICIAL STATEMENT, BOND PURCHASE <br />AGREEMENT AND CONTINUING DISCLOSURE AGREEMENT AND <br />AUTHORIZING THE EXECUTIVE DIRECTOR, FINANCE & MANAGEMENT <br />SERVICES AGENCY TO NEGOTIATE THE TERMS OF THE PURCHASE OF <br />THE BONDS <br /> <br /> <br />2.Approve receipt of $27,443 from the Public Works Traffic & Transportation <br />Engineering account into the Special Assessment District Capital Improvement <br />Fund (Non-City Contribution), Warner Industrial Assessment District revenue <br />account and appropriating the same into the Warner Industrial Assessment <br />District expenditure account. <br /> <br /> <br />3.Authorize the City Manager to execute prepayments totaling $27,443 for the <br />assessment of City-owned Parcels No. 408-113-11 and No. 408-161-17. <br /> <br /> <br />4.Approve the Financing Structure for the total estimated project cost of $6,166,831 <br />identifying the City’s share of $3,133,415 (51 percent) and parcel owners’ share of <br />$3,033,416 (49 percent). <br /> <br /> <br />5.Approve an appropriation adjustment. (Requires five affirmative votes) <br /> <br />2016-141 <br />APPROPRIATION ADJUSTMENT NO. - Recognizing receipt of funds up <br />to $1,229,122 in bond proceeds into the WIC Capital Improvements Fund revenue <br />account and appropriating the same into the WIC Capital Improvements Fund <br />expenditure account, and authorize that the proceeds of such bonds be delivered to the <br />Fiscal Agent for deposit in the fund established under Fiscal Agent Agreement as <br />provided for therein. <br /> <br /> <br />6.Approve an appropriation adjustment. (Requires five affirmative votes) <br /> <br />2016-141 <br />APPROPRIATION ADJUSTMENT NO. - Recognizing an estimated <br />$869,495 in assessment prepayment revenue received from Warner Industrial <br />Community Assessment District property owners into the Special Assessment District <br />Capital Improvement Fund (Non-City Contribution), Warner Industrial Assessment <br />District revenue account and appropriating the same into the Warner Industrial <br />Assessment District expenditure account. <br /> <br />CITY COUNCIL AGENDA 15 JUNE 21, 2016 <br /> <br /> <br />