HomeMy WebLinkAbout08/20/2007
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CITY OF SANTA ANA'
INDUSTRIAL DEVELOPMENT AUTHORITY
AGENDA
AUGUST 20, 2007
6:00 P.M.
CALL TO ORDER
CHAIRPERSON PULIDO
Authority Members: ALVAREZ,
BENAVIDES, BUSTAMANTE,
MARTINEZ, SARMIENTO, TINAJERO
City Manager, City Attorney, Authority
Secretary
I
CONSENT CALENDAR
I
Recommended Action:
Approve staff recommendations on the following Consent Calendar
items
ADMINISTRATIVE MATTERS
MINUTES
Recommended Action:
Approve minutes.
1. REGULAR MEETING OF JULY 16, 2007
JOINT SESSION BETWEEN THE CITY COUNCIL AND
THE SANTA ANA FINANCING AUTHORITY
2.
PUBLIC HEARING - BOND ALLOCATION FOR INGARDIA BROS.
PRODUCE, INC.
Recommended action approved by the Santa Ana Empowerment
Corporation Board at its July 25, 2007 meeting by a vote of 10-0 (Absent:
Bacigalupo, Cong, Fogarty, Garcia, E. Martinez, Metzler, Ream, Reyna,
Russo, Sidler).
Legal notice published in the Orange County Register on August 3, 2007
INDUSTRIAL DEVELOPMENT AUTHORITY
1
AUGUST 20, 2007
Recommended Actions:
CITY COUNCIL ACTION
Adopt a resolution.
RESOLUTION - A Resolution of the City Council of the City of San'ta Ana
approving the Industrial Development Authority of the City of Santa Ana
entering into a loan in a principal amount not to exceed $2,500,000 and
lending the proceeds of such loan to Ingardia Bros. Produce, Inc., and
allocating an amount not to exceed $2,500,000 of the Santa Ana
Empowerment Zone ceiling for private activity bonds for the benefit of the
project to be financed pursuant to such loan.
INDUSTRIAL DEVELOPMENT AUTHORITY ACTION
Adopt a resolution.
IDA RESOLUTION - A Resolution of the Industrial Development Authority of
the City of Santa Ana authorizing entering into loan agreement pursuant to
which the authority will borrow and lend to borrower not to exceed
$2,500,000 for the acquisition, construction and installation of certain
property and facilities, and authorizing various actions in connection
therewith.
COMMENTS
3.
PUBLIC COMMENTS
4.
AUTHORITY MEMBER COMMENTS
ADJOURNMENT
INDUSTRIAL DEVELOPMENT AUTHORITY
2
AUGUST 20, 2007