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<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />(1) APPROVING A PLAN FOR SPENDING EXCESS TAX ALLOCATION BOND <br />PROCEEDS (TAX ALLOCATION BONDS, 2011 SERIES A), (2) AUTHORIZING <br />A BOND EXPENDITURE AGREEMENT WITH THE SUCCESSOR AGENCY <br />TO THE FORMER COMMUNITY AGENCY OF THE CITY OF SANTA ANA TO <br />RECEIVE SUCH FUNDS FOR BOND-ELIGIBLE PURPOSES, AND (3) MAKING <br />CERTAIN FINDINGS IN CONNECTION 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 Successor Agency to the <br />former Community Redevelopment Agency to receive current excess bond <br />proceeds in the amount of $260,695 and any future excess bond proceeds, and to <br />expend the funds for capital improvements, subject to non-substantive changes <br />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. 2017-038 - Recognizing $260,695 in the <br />Successor Agency’s 2011 Series A Bonds prior year carry forward account and <br />appropriating same to the expenditure account (no. 65418020-69142); approve an <br />appropriation adjustment recognizing $260,695 in the Parking Fund in revenue account <br />and 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, 2011 SERIES A), <br />(2) 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 />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 $260,695 and any future <br />excess bond proceeds to the City for capital improvements, subject to non- <br />substantive changes approved by the City Manager and City Attorney. <br /> <br /> <br />HOUSING AUTHORITY MEETING (Blue Agenda) <br /> <br /> <br />SUCCESSOR AGENCY MEETING (Salmon Agenda) <br />CITY COUNCIL AGENDA 13 OCTOBER 4, 2016 <br /> <br /> <br />