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<br /> <br />2.AGMT. - Authorize the City Manager and the Clerk of the Council to execute <br />the Bond Proceeds Expenditure Agreement with the Successor Agency to the <br />former Community Redevelopment Agency to receive current excess bond <br />proceeds in the amount of $2,515,560.32 and any future excess bond proceeds, <br />and to expend the funds for capital improvements, subject to non-substantive <br />changes approved by the City Manager and City Attorney. <br /> <br /> <br />3.Approve an appropriation adjustment. (Requires five affirmative votes) <br /> <br />APPROPRIATION ADJUSTMENT NO. 2017-039 - Recognizing $2,515,560.32 in <br />the Successor Agency 2003 Series A Bonds prior year carry forward account and <br />appropriating same to the expenditure account; approve an appropriation adjustment <br />recognizing $2,515,560.32 in the CDA Capital Projects Fund in revenue account and <br />appropriating same to expenditure account. <br /> <br />SUCCESSOR AGENCY ACTION <br /> <br /> RECOMMENDED ACTIONS: <br /> <br /> <br />1.Adopt a resolution. <br /> <br />A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />(1) APPROVING A PLAN FOR SPENDING EXCESS TAX ALLOCATION <br />BOND PROCEEDS (TAX ALLOCATION BONDS, SERIES 2003A), (2) <br />AUTHORIZING A BOND EXPENDITURE AGREEMENT WITH THE CITY <br />OF SANTA ANA TO TRANSFER SUCH FUNDS TO THE CITY FOR BOND- <br />ELIGIBLE PURPOSES, (3) DIRECTING THE TRANSFER OF SUCH FUNDS <br />TO THE CITY, AND (4) MAKING CERTAIN FINDINGS IN CONNECTION <br />THEREWITH <br /> <br /> <br />2.AGMT. - Authorize the City Manager and the Clerk of the Council to execute <br />the Bond Proceeds Expenditure Agreement with the City of Santa Ana to <br />transfer current excess bond proceeds in the amount of $2,515,560.32 and any <br />future excess bond proceeds to the City for capital improvements, subject to <br />non-substantive changes approved by the City Manager and City Attorney. <br /> <br /> <br />80B. RESOLUTION APPROVING A PLAN FOR SPENDING EXCESS 2011 SERIES A <br />TAX ALLOCATION BONDS AND AUTHORIZING A BOND PROCEEDS <br />EXPENDITURE AGREEMENT; APPROPRIATION ADJUSTMENT TO TRANSFER <br />2011 SERIES A BOND PROCEEDS TO THE CITY {STRATEGIC PLAN NOS. 4, 1 & <br />6, 1G} <br /> <br />CITY COUNCIL ACTION <br /> <br /> RECOMMENDED ACTIONS: <br /> <br /> <br />1.Adopt a resolution. <br />CITY COUNCIL AGENDA 12 OCTOBER 4, 2016 <br /> <br /> <br />