Laserfiche WebLink
<br />on June 20, 2017 for a total loan amount not to exceed $5,275,000, subject to non- <br />substantive changes approved by the City Manager and City Attorney. <br /> <br /> <br />2.AGMT - Authorize the City Manager and the Clerk of the Council to execute a loan <br />agreement with Santa Ana Arts Collective, L.P. for $2,219,760 in HOME <br />Investment Partnerships Program funds as approved by City Council on <br />November 3, 2015, subject to non-substantive changes approved by the City <br />Manager and City Attorney. <br /> <br /> <br /> <br />3.Adopt a resolution. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />AUTHORIZING THE CITY MANAGER TO ENTER INTO AGREEMENTS <br />WITH THE STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND <br />COMMUNITY DEVELOPMENT (HCD) FOR AFFORDABLE HOUSING AND <br />SUSTAINABLE COMMUNITIES (AHSC) PROGRAM GRANT FUNDING <br /> <br /> <br />4.AGMT - Authorize the City Manager and the Clerk of the Council to execute a <br />Subordination Agreement with Bank of America, N.A. for the amended and <br />restated Inclusionary Housing and Community Development Block Grant loan <br />agreement and the HOME Investment Partnerships Program loan agreement, <br />subject to non-substantive changes approved by the City Manager and City <br />Attorney. <br /> <br /> <br />5.Approve an appropriation adjustment. (Requires five affirmative votes) <br /> <br />APPROPRIATION ADJUSTMENT NO. 2018-007 - Recognizing Affordable <br />Housing and Sustainable Communities Program grant funds in the amount of <br />$1,288,000 in revenue account no. and appropriating same to the Affordable Housing <br />Sustainable Communities Program expenditure account no. for the Bush Street Bicycle <br />Boulevard project <br /> <br /> <br />55D. RESOLUTION APPROVING THE CITY’S INVESTMENT POLICY WITH MINOR <br />MODIFICATIONS {STRATEGIC PLAN NO. 4, 1} - Finance and Management Services <br /> <br />RECOMMENDED ACTION: Adopt a resolution approving the City’s Investment <br />Policy, which includes the following minor modifications: <br /> <br />A. Sets out requirement to establish written investment procedures in accordance <br />with current industry standards. <br /> <br />B. Allows the City to sell a security for the purpose of pre-paying a debt or <br />contribution servicing obligation when it is financially advantageous (for the <br />City) to do so. <br /> <br />C. Amends existing language to comply with current statutory changes, changes in <br />industry terminology, and recommended best practices. <br /> <br />CITY COUNCIL AGENDA 13 JULY 5, 2017 <br /> <br /> <br />