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<br /> <br />3.Approve an appropriation adjustment. (Requires five affirmative votes) <br /> <br />APPROPRIATION ADJUSTMENT NO. 2017-039 - Recognizing <br />$2,515,560.32 in the Successor Agency 2003 Series A Bonds prior year carry <br />forward account and appropriating same to the expenditure account; approve an <br />appropriation adjustment recognizing $2,515,560.32 in the CDA Capital Projects <br />Fund in revenue account and appropriating same to expenditure account. <br /> <br /> <br /> <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 THE <br />CITY {STRATEGIC PLAN NOS. 4, 1 & 6, 1G} <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 <br />ANA (1) APPROVING A PLAN FOR SPENDING EXCESS TAX <br />ALLOCATION BOND PROCEEDS (TAX ALLOCATION BONDS, 2011 <br />SERIES A), (2) AUTHORIZING A BOND EXPENDITURE AGREEMENT <br />WITH THE CITY OF SANTA ANA TO TRANSFER SUCH FUNDS TO <br />THE CITY FOR BOND-ELIGIBLE PURPOSES, (3) DIRECTING THE <br />TRANSFER OF SUCH FUNDS TO THE CITY, AND (4) MAKING <br />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 $260,695 <br />and any future excess bond proceeds to the City for capital improvements, <br />subject to non-substantive changes approved by the City Manager and <br />City Attorney. <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, 2011 <br />SERIES A), (2) AUTHORIZING A BOND EXPENDITURE AGREEMENT <br />WITH THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY <br />AGENCY OF THE CITY OF SANTA ANA TO RECEIVE SUCH FUNDS <br />FOR BOND-ELIGIBLE PURPOSES, AND (3) MAKING CERTAIN <br />FINDINGS IN CONNECTION THEREWITH <br />AGENDA FOR CITY OF SANTA ANA 5 OCTOBER 4, 2016 <br />ACTING AS SUCCESSOR AGENCY <br /> <br />