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REQUEST •a <br />SUCCESSOR <br />1 • <br />�vr <br />MEETING DATE: <br />JULY 5, 2016 <br />111Ir111i -4 <br />RESOLUTION AUTHORIZING THE <br />REFUNDING OF THE TAX ALLOCATION <br />BONDS, SERIES 2003 A & B <br />{STRATEGIC PLAN NO. 4, 2D) <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF THE COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Implementing Resolution <br />❑ Other <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt a resolution authorizing the refunding of the former Community Redevelopment <br />Agency of the City of Santa Ana, South Main Street Redevelopment Project, Tax Allocation <br />Bonds Series 2003A and 2003B and approval of related bond documents: Supplement to the <br />Bond Indenture, Bond Purchase Agreement and the Continuing Disclosure Certificate. <br />2. Authorize the City Manager and Clerk of the Council to execute agreements with the following <br />recommended firms through December 31, 2017 and confirm Urban Futures, Inc ( "UFI ") as <br />the financial advisor for this transaction, based on the submitted fee proposals and <br />evaluations in order to provide refinancing services related to the refunding of the former <br />Community Redevelopment Agency of the City of Santa Ana, South Main Street <br />Redevelopment Project, Tax Allocation Bonds Series 2003A and 2003B, subject to non - <br />substantive changes approved by the City Manager and the City Attorney for the following <br />amounts: <br />• Urban Futures, Inc. — Financial Advisor (not -to- exceed $49,500) <br />• Stifel, Nicolaus & Company, Inc. — Underwriter (not -to- exceed $102,500) <br />• Orrick, Herrington & Sutcliffe LLP — Bond Counsel (not -to- exceed $50,000) <br />• Best Best & Krieger LLP — Disclosure Counsel (not -to- exceed $31,000) <br />• Keyser Marston Associates, Inc. — Fiscal Consultant (not -to- exceed $37,500) <br />3. Approve a waiver of the conflict of interest created by Stradling Yocca Carlson & Rauth <br />representing Stifel, Nicolaus & Company, Inc. as underwriter's counsel in connection with <br />the refunding of the Community Redevelopment Agency of the City of Santa Ana, South <br />Main Street Redevelopment Project, Tax Allocation Bonds Series 2003A and 2003B. <br />4. Authorize the City Manager to execute the Consent Disclosure Form provided by Stradling <br />Yocca Carlson & Rauth, and any other required documents, related to its representation of <br />3 -1 <br />