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Home My WebLink About SAFA_FULL PACKET_10-18-10 MINUTES OF THE REGULAR MEETING OF THE SANTA ANA FINANCING AUTHORITY SANTA ANA, CALIFORNIA DECEMBER 3, 2007 CONVENED CITY COUNCIL CHAMBER 22 CIVIC CENTER PLAZA SANTA ANA, CALIFORNIA 8:22 P.M. ATTENDANCE AUTHORITY MEMBERS present: MIGUEL A. PULIDO, Chairperson CLAUDIA ALVAREZ, Vice Chairperson P. DAVID BENAVIDES CARLOS BUSTAMANTE MICHELE MARTINEZ VINCENT SARMIENTO SAL TINAJERO STAFF present: DAVID REAM, Executive Director JOSEPH W. FLETCHER, Authority Counsel PATRICIA E. HEALY, Authority Secretary CONSENT CALENDAR Motion: Approve staff recommendations on the following Consent Calendar items. MOTION: Alvarez SECOND: Tinajero VOTE: AYES: Alvarez, Benavides, Bustamante, Martinez, Sarmiento, Tinajero, Pulido (7) NOES: None (O) ABSTAIN: None (O) ABSENT: None (O) ADMINISTRATIVE MATTERS MINUTES SANTA ANA FINANCING AUTHORITY MINUTES 1 DECEMBER 3, 2007 1-1 Motion: Approve minutes. 1. REGULAR MEETING MINUTES OF AUGUST 20, 2007 END OF CONSENT CALENDAR * " THE SANTA ANA FINANCING AUTHORITY RECESSED TO A JOINT SESSION BETWEEN THE SANTA ANA FINANCING AUTHORITY AND THE CITY COUNCIL AT 8:02 P.M. 2. RESOLUTIONS APPROVING AGREEMENTS AND FINANCING DOCUMENTS FOR LOCAL STREET FINANCING Motion: Adopt a resolution SAFA RESOLUTION NO. 2007-003 - A resolution of the governing board of the Santa Ana Financing Authority authorizing the execution and delivery of a certificate purchase agreement, and other matters relating thereto, and authorizing the execution of necessary documents and certificates and related actions, and ratifying action previously taken or approved to be taken, including the execution and delivery of an installment sale agreement and the execution and delivery of City of Santa Ana, California, gas tax revenue certificates of participation (2007 Local Street Improvement Project) pursuant to a trust agreement. MOTION: Alvarez SECOND: Benavides VOTE: AYES: Alvarez, Benavides, Bustamante, Martinez, Sarmiento, Tinajero, Pulido (7) NOES: None (0) ABSTAIN: None (0) ABSENT: None (0) COMMENTS 3. PUBLIC COMMENTS - None 4. AUTHORITY MEMBER COMMENTS - None SANTA ANA FINANCING AUTHORITY MINUTES 2 DECEMBER 3, 2007 1-2 ADJOURNMENT - 8:23 P.M. Patricia E. Healy Authority Secretary SANTA ANA FINANCING AUTHORITY MINUTES 3 DECEMBER 3, 2007 1-3 1-4 REQUEST FOR SANTA ANA FINANCING r AUTHORITY ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: OCTOBER 18, 2010 TITLE: APPROVED E3 As Recommended RESOLUTION ESTABLISHING REGULAR E3 Amended MEETING DATES FOR FINANCING 0 O Or rdinance on 2'` Reading E:l Ordinance on 2n° Reading AUTHORITY MEETINGS E3 Implementing Resolution E3 Set Public Hearing For ~-2 CONTINUED TO FILE NUMBER CITY MANAGER RECOMMENDED ACTION Adopt a resolution establishing regular meeting dates for the Financing Authority meetings. DISCUSSION The Santa Ana Financing Authority is empowered to issue bonds and provide financial assistance to the City and/or Agency. Effective January 1, 2010, the California Government Code was amended to require that the adoption of a resolution authorizing bonds or any issuance of bonds, or accepting the benefit or proceeds of bonds can only be adopted at a regular meeting. Currently, the Redevelopment Agency is preparing to issue Recovery Zone Bonds and Tax Allocation Bonds prior to the close of 2010; and the Santa Ana Financing Authority action is needed to complete these transactions. This action establishes November 15, 2010, December 6, 2010, and December 20, 2010 as regular meetings of the Financing Authority for 2010. FISCAL IMPACT There is no fiscal impact associated with this action- Cynthia J. Nelso Deputy City Manager for Development Services Community Development Agency CJN/NTE/mlr Exhibit: 1. Resolution 4-1 4-2 RESOLUTION NO. SAFA- 2010- A RESOLUTION OF THE GOVERNING BOARD OF THE SANTA ANA FINANCING AUTHORITY ESTABLISHING THE REGULAR MEETINGS OF THE AUTHORITY FOR FISCAL YEAR 2010-2011 BE IT RESOLVED BY THE SANTA ANA FINANCING AUTHORITY AS FOLLOWS: Section 1. The Governing Board of the Santa Ana Financing Authority hereby finds, determines and declares as follows: A. The Authority is a public agency duly organized and existing pursuant to a Joint Exercise of Powers Agreement (the "JPA Agreement"), dated August 1, 1993, by and between the City of Santa Ana (the "City") and the Community Redevelopment Agency of the City of Santa Ana (the "Agency") ; B. The Authority is governed by a board of directors comprised of the seven member City Council of the City; C. The Authority is statutorily authorized by Article 4 of Chapter 5 of Division 7 of Title 1 of the California Government Code and is empowered under the JPA agreement to issue its bonds to, among other things, provide financial assistance to the City and/or the Agency; D. Section 6592.1 of the California Government Code, newly effective as of January 1, 2010, provides that a resolution authorizing bonds or any issuance of bonds or accepting the benefit of any bonds or the proceeds of bonds must be adopted by the Authority only during a regular meeting; E. To provide flexibility for the Authority to adopt resolutions for the issuance of bonds when expedient, it is necessary and appropriate to establish regular meeting dates for the Authority for Fiscal Year 2010-2011. Section 2. The Authority hereby determines that November 15, 2010, December 6, 2010, and December 20, 2010 shall be established as regular meeting dates of the Authority for Fiscal Year 2010-2011, to be held in conjunction with regular meetings of the City Council of the City. Such establishment of regular meeting dates shall not preclude the calling of special meetings of the Authority, when necessary, for purposes other than the adoption of resolutions for the issuance of bonds. Section 3. This Resolution shall take effect immediately upon its adoption by the Governing Board of the Authority, and the Secretary of the Authority shall attest to Resolution No. SAFA 2010- 4-3 Page 1 of 2 and certify the vote adopting this Resolution. ADOPTED this day of October, 2010 Miguel A. Pulido Chairman APPROVED AS TO FORM: Joseph W. Fletcher Authority General Counsel AYES: Boardmembers NOES: Boardmembers ABSTAI N: Boardmembers NOT PRESENT: Boardmembers CERTIFICATE OF ATTESTATION AND ORIGINALITY I, MARIA D. HUIZAR, Secretary of the Authority, do hereby attest to and certify the attached Resolution No. SAFA 2010- to be the original resolution adopted by the Santa Ana Financing Authority on Date: Secretary, Financing Authority City of Santa Ana Resolution No. SAFA 2010- Page 2 of 2 4-4