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<br />55C. RESOLUTION RELATED TO THE FINANCING OF EQUIPMENT, <br />INSTALLATION AND PARTNERSHIP COSTS FOR THE 800 MHZ <br />COMMUNICATIONS SYSTEM PROJECT {STRATEGIC PLAN NO. 1, 2} - Police <br />Department <br /> <br />RECOMMENDED ACTIONS: <br /> <br /> <br />1.Adopt a resolution. <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />AUTHORIZING THE CITY MANAGER OR EXECUTIVE DIRECTOR OF <br />FINANCE TO ENTER INTO AN EIGHT YEAR FINANCING AGREEMENT <br />WITH HOLMAN CAPITAL CORPORATION FOR FUNDING OF THE CITY’S <br />PORTION OF ITS PARTNERSHIP COSTS FOR FY 2017-18 OF THE 800 MHZ <br />COUNTYWIDE COORDINATED COMMUNICATIONS SYSTEM BACKBONE <br />UPGRADE FOR P25 COMPLIANCE, EXECUTE AN ESCROW AGREEMENT, <br />AND ANY ASSURANCES AND/OR DOCUMENTS REQUIRED FOR SAID <br />AGREEMENT <br /> <br /> <br />2.AGMT - Authorize the City Manager and Clerk of the Council to execute a tax- <br />exempt equipment lease-purchase agreement with Holman Capital Corporation, <br />subject to non-substantive changes approved by the City Manager and City <br />Attorney. <br /> <br /> <br />REPORTS <br /> <br />65A. DISCUSSION ON FOUR AFFORDABLE HOUSING DEVELOPMENT PROJECTS <br />AND OPTIONS FOR CITY FINANCIAL ASSISTANCE {STRATEGIC PLAN NO. 5, <br />3C} - Community Development Agency <br /> <br /> OPTIONS FOR CITY COUNCIL CONSIDERATION: <br /> As recommended by the Ad Hoc Committee, discuss the various Affordable Housing <br />Development projects requesting City financial assistance and seek City Council direction <br />on the allocation of current and available affordable housing development funds. <br />Following are options for City Council discussion and consideration: <br /> <br /> <br />A)Santa Ana Arts Collective, Meta Housing Corporation: <br /> <br />Option #1: Amend the project’s original award by an additional amount up to <br />$2.9 million per Keyser Marston Associates gap analysis report. <br /> <br />Option #2: Amend the project’s original award by an additional amount up to <br />$1,481,215, per CSG Advisors gap analysis report. City financial <br />assistance to be negotiated by CSG Advisors and Meta Housing. <br /> <br />Option #3: Take no additional action to fund the project at this time. <br /> <br /> <br />B)First Street Apartments, AMCAL Multi-Housing: <br />CITY COUNCIL AGENDA 10 JUNE 6, 2017 <br /> <br /> <br />