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ABSENT: Tinajero (1) RECESSED THE CITY COUNCIL MEETING AT 7 :57 P.M. AND CONVENED A JOINT SESSION OF THE CITY COUNCIL AND THE SUCCESSOR AGENCY JOINT SESSIONS OF THE CITY COUNCIL AND THE SUCCESSOR AGENCY 80A. RESOLUTION APPROVING A PLAN FOR SPENDING EXCESS 2003 SERIES A TAX ALLOCATION BONDS AND AUTHORIZING A BOND PROCEEDS EXPENDITURE AGREEMENT; APPROPRIATION ADJUSTMENT TO TRANSFER 2003 SERIES A BOND PROCEEDS TO THE CITY {STRATEGIC PLAN NOS. 4, 1 & 6, 1 G) MOTION., 1. Adopt a resolution. RESOLUTION NO. 2016 -079 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA (1) APPROVING A PLAN FOR SPENDING EXCESS TAX ALLOCATION BOND PROCEEDS (TAX ALLOCATION BONDS, SERIES 2003A), (2) AUTHORIZING A BOND EXPENDITURE AGREEMENT WITH THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA FOR THE CITY TO RECEIVE SUCH FUNDS FOR BOND - ELIGIBLE PURPOSES, AND (3) MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH 2. AGMT NO. 2016 -291 - Authorize the City Manager and the Clerk of the Council to execute the Bond Proceeds Expenditure Agreement with the Successor Agency to the former Community Redevelopment Agency to receive current excess bond proceeds in the amount of $2,515,560.32 and any future excess bond proceeds, and to expend the funds for capital improvements, subject to non - substantive changes approved by the City Manager and City Attorney. 3. Approve an appropriation adjustment. (Requires five affirmative votes) APPROPRIATION ADJUSTMENT NO. 2017 -039 - Recognizing $2,515,560.32 in the Successor Agency 2003 Series A Bonds prior year carry forward account and appropriating same to the expenditure account; approve an appropriation adjustment recognizing $2,515,560.32 in the CDA Capital Projects Fund in revenue account and appropriating same to expenditure account. CITY COUNCIL MINUTES 15 OCTOBER 4, 2016 1 0A -15