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<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 <br />ANA (1) APPROVING A PLAN FOR SPENDING EXCESS TAX <br />ALLOCATION BOND PROCEEDS (TAX ALLOCATION BONDS, <br />SERIES 2003A), (2) AUTHORIZING A BOND EXPENDITURE <br />AGREEMENT WITH THE CITY OF SANTA ANA TO TRANSFER SUCH <br />FUNDS TO THE CITY FOR BOND-ELIGIBLE PURPOSES, (3) <br />DIRECTING THE TRANSFER OF SUCH FUNDS TO THE CITY, AND (4) <br />MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH <br /> <br /> <br />2.AGMT - Authorize the City Manager and the Clerk of the Council to <br />execute the Bond Proceeds Expenditure Agreement with the City of Santa <br />Ana to transfer current excess bond proceeds in the amount of <br />$2,515,560.32 and any future excess bond proceeds to the City for capital <br />improvements, subject to non-substantive changes approved by the City <br />Manager and City Attorney. <br /> <br /> <br />CITY COUNCIL ACTION <br /> <br /> RECOMMENDED ACTIONS: <br /> <br /> <br />1.Adopt a resolution. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA (1) APPROVING A PLAN FOR SPENDING EXCESS TAX <br />ALLOCATION BOND PROCEEDS (TAX ALLOCATION BONDS, <br />SERIES 2003A), (2) AUTHORIZING A BOND EXPENDITURE <br />AGREEMENT WITH THE SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA FOR THE CITY TO RECEIVE SUCH FUNDS FOR BOND- <br />ELIGIBLE PURPOSES, AND (3) MAKING CERTAIN FINDINGS IN <br />CONNECTION THEREWITH <br /> <br /> <br /> <br />2.AGMT - Authorize the City Manager and the Clerk of the Council to <br />execute the Bond Proceeds Expenditure Agreement with the Successor <br />Agency to the former Community Redevelopment Agency to receive <br />current excess bond proceeds in the amount of $2,515,560.32 and any <br />future excess bond proceeds, and to expend the funds for capital <br />improvements, subject to non-substantive changes approved by the City <br />Manager and City Attorney. <br /> <br />AGENDA FOR CITY OF SANTA ANA 4 OCTOBER 4, 2016 <br />ACTING AS SUCCESSOR AGENCY <br /> <br />