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55B. ISSUANCE OF BONDS RELATED TO THE WARNER INDUSTRIAL <br />COMMUNITY ASSESSMENT DISTRICT 2015 -01 (PROJECT NO. 16 -6868) <br />{STRATEGIC PLAN NOS. 6, 1 B & 1 G} - Public Works Agency <br />MOTION: <br />1. Adopt a resolution. <br />RESOLUTION NO. 2016 -049 - A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA, CALIFORNIA, AUTHORIZING <br />THE ISSUANCE OF CITY OF SANTA ANA ASSESSMENT DISTRICT <br />NO. 2015 -01 (WARNER INDUSTRIAL COMMUNITY) LIMITED <br />OBLIGATION IMPROVEMENT BONDS, APPROVING FISCAL AGENT <br />AGREEMENT, OFFICIAL STATEMENT, BOND PURCHASE <br />AGREEMENT AND CONTINUING DISCLOSURE AGREEMENT AND <br />AUTHORIZING THE EXECUTIVE DIRECTOR, FINANCE & <br />MANAGEMENT SERVICES AGENCY TO NEGOTIATE THE TERMS OF <br />THE PURCHASE OF THE BONDS <br />2. Approve receipt of $27,443 from the Public Works Traffic & <br />Transportation Engineering account into the Special Assessment <br />District Capital Improvement Fund (Non -City Contribution), Warner <br />Industrial Assessment District revenue account and appropriating <br />the same into the Warner Industrial Assessment District expenditure <br />account. <br />3. Authorize the City Manager to execute prepayments totaling $27,443 <br />for the assessment of City -owned Parcels No. 408 - 113 -11 and No. <br />408 - 161 -17. <br />4. Approve the Financing Structure for the total estimated project cost <br />of $6,166,831 identifying the City's share of $3,133,415 (51 percent) <br />and parcel owners' share of $3,033,416 (49 percent). <br />5. Approve an appropriation adjustment. (Requires five affirmative <br />votes) <br />APPROPRIATION ADJUSTMENT NO. 2AIP 441 H 2017 -004- Recognizing <br />receipt of funds up to $1,229,122 in bond proceeds into the WIC Capital <br />Improvements Fund revenue account and appropriating the same into the <br />WIC Capital Improvements Fund expenditure account, and authorize that <br />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 <br />therein. <br />6. Approve an appropriation adjustment. (Requires five affirmative <br />votes) <br />CITY COUNCIL MINUTES 27 JUNE 21, 2016 <br />1 OA -27 <br />