HomeMy WebLinkAbout2010-001 SAFARESOLUTION NO. SAFA- 2010-001
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 2010-001
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and certify the vote adopting this Resolution.
ADOPTED this 18th day of October, 2010.
ROVED AS TO FOR.--= -
ph Flet er
rite eral Counsel
AYES Authority members Alvarez, Benavides, Bustamante, Martinez,
Pulido, Sarmiento, Tinaiero (7)
NOES: Authority members None (0)
ABSTAIN: Authority members None (0)
NOT PRESENT: Authority members None (0)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Secretary of the Authority, do hereby attest to and certify that
Resolution No. SAFA 2010-001 to be the original resolution adopted by the Santa Ana
Financing Authority on October 18, 2010.
Date: All
Secretary, Financing Auth
City of Santa Ana
Resolution No. SAFA 2010-001
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