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NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: Tinajero (1) <br />4. 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, 1G) <br />MOTION: <br />1. Adopt a resolution. <br />S.A. RESOLUTION NO. 2016 -003 - A RESOLUTION OF THE <br />SUCCESSOR AGENCY TO THE FORMER COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />(1)APPROVING A PLAN FOR SPENDING EXCESS TAX <br />ALLOCATION BOND PROCEEDS (TAX ALLOCATION BONDS, 2011 <br />SERIES A), (2) AUTHORIZING A BOND EXPENDITURE <br />AGREEMENT WITH THE CITY OF SANTA ANA TO TRANSFER <br />SUCH FUNDS TO THE CITY FOR BOND - ELIGIBLE PURPOSES, <br />(3) DIRECTING THE TRANSFER OF SUCH FUNDS TO THE CITY, <br />AND (4) MAKING CERTAIN FINDINGS IN CONNECTION <br />THEREWITH <br />2. AGMT - Authorize the City Manager and the Clerk of the Council <br />to execute the Bond Proceeds Expenditure Agreement with the <br />City of Santa Ana to transfer current excess bond proceeds in the <br />amount of $260,695 and any future excess bond proceeds to the <br />City for capital improvements, subject to non - substantive <br />changes approved by the City Manager and City Attorney. <br />MOTION: Amezcua SECOND: Sarmiento <br />VOTE: AYES: Amezcua, Benavides, Pulido, Martinez, Reyna <br />Sarmiento (6) <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: Tinajero (1) <br />MINUTES FOR CITY OF SANTA ANA 3 OCTOBER 4, 2016 <br />ACTING AS SUCCESSOR AGENCY <br />