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MOTION: Sarmiento <br />VOTE: AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />SECOND: Amezcua <br />Amezcua, Benavides, <br />Reyna, Sarmiento (6) <br />None (0) <br />None (0) <br />Tinajero (1) <br />Martinez, Pulido, <br />80B. RESOLUTION APPROVING A PLAN FOR SPENDING EXCESS 2011 <br />SERIES A TAX ALLOCATION BONDS AND AUTHORIZING A BOND <br />PROCEEDS EXPENDITURE AGREEMENT; APPROPRIATION <br />ADJUSTMENT TO TRANSFER 2011 SERIES A BOND PROCEEDS TO <br />THE CITY {STRATEGIC PLAN NOS. 4, 1 & 6, 1 G) <br />MOTION: <br />1. Adopt a resolution. <br />RESOLUTION NO. 2016-080 - A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA (1)APPROVING A PLAN <br />FOR SPENDING EXCESS TAX ALLOCATION BOND PROCEEDS <br />(TAX ALLOCATION BONDS, 2011 SERIES A), (2) AUTHORIZING A <br />BOND EXPENDITURE AGREEMENT WITH THE SUCCESSOR <br />AGENCY TO THE FORMER COMMUNITY AGENCY OF THE CITY <br />OF SANTA ANA TO RECEIVE SUCH FUNDS FOR BOND -ELIGIBLE <br />PURPOSES, AND (3) MAKING CERTAIN FINDINGS IN <br />CONNECTION THEREWITH <br />2. AGMT NO. 2016-292 - Authorize the City Manager and the Clerk of <br />the Council to execute the Bond Proceeds Expenditure <br />Agreement with the Successor Agency to the former Community <br />Redevelopment Agency to receive current excess bond proceeds <br />in the amount of $260,695 and any future excess bond proceeds, <br />and to expend the funds for capital improvements, subject to non - <br />substantive changes approved by the City Manager and City <br />Attorney. <br />3. Approve an appropriation adjustment. (Requires five affirmative <br />votes) <br />APPROPRIATION ADJUSTMENT NO. 2017-038 - Recognizing <br />$260,695 in the Successor Agency's 2011 Series A Bonds prior year <br />carry forward account and appropriating same to the expenditure <br />account (no. 65418020-69142); approve an appropriation adjustment <br />CITY COUNCIL MINUTES 16 OCTOBER 4, 2016 <br />