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Home My WebLink About AGENDA_2010-12-06COMMUNITY REDEVELOPMENT AGENCY AGENDA DECEMBER 6, 2010 REGULAR MEETING CITY COUNCIL CHAMBER 22 Civic Center Plaza (Immediately following the City Council Closed Session Meeting) Miguel A. Pulido Chairperson Claudia Alvarez Vice Chairperson -Ward 5 Michele Martinez Agency Boardmember -Ward 2 P. David Benavides Agency Boardmember -Ward 4 Joseph W. Fletcher General Counsel Vincent F. Sarmiento Agency Boardmember -Ward 1 Carlos Bustamante Agency Boardmember -Ward 3 Sal Tinajero Agency Boardmember -Ward 6 --i----i----i----i----i----~----i----i----i----i----i---+- Cynthia J. Nelson Executive Director Maria D. Huizar Recording Secretary NOTE: If you need special assistance to participate in this Council meeting, Please contact Ellen Smiley, City ADA Program Coordinator, at (714) 647-5340. Please call prior to the meeting date, to allow the City enough time to make reasonable arrangements for accessibility to this meeting. (Americans with Disabilities Act, Title ll, 28 CFR 35.102] CRA AGENDA 2 DECEMBER 6, 2010 CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY MEETING DECEMBER 6, 2010 CALL TO ORDER CHAIRPERSON PULIDO COMMUNITY REDEVELOPMENT AGENCY BOARD MEMBERS: ALVAREZ, BENAVIDES, BUSTAMANTE, MARTINEZ, TINAJERO, SARMIENTO CITY MANAGER, GENERAL COUNSEL, EXECUTIVE DIRECTOR, RECORDING SECRETARY PUBLIC COMMENT ON AGENDA ITEMS AND ITEMS OF PUBLIC INTEREST (Refer to page 2 "Public Comments/Public Input" for description.) 1 2. 3. RECOMMENDED ACTION: Approve staff recommendations Calendar Items 1 through 4. MINUTES OF THE REGULAR MEETING OF NOVEMBER 15, 2010 RECOMMENDED ACTION: Approve Minutes. EXCUSED ABSENCES RECOMMENDED ACTION: Excuse Agency Members absent. on Consent QUARTERLY REPORT OF CONTRACTS ENTERED INTO BY THE EXECUTIVE DIRECTOR RECOMMENDED ACTION: Receive and file the Quarterly Report of Contracts entered into between July 1 and September 30, 2010, valued at $25,000 and less. CRA AGENDA 3 DECEMBER 6, 2010 4. AMENDMENT TO AGREEMENT FOR BUILDING SURVEYS WITH SAPPHOS ENVIRONMENTAL, INC. RECOMMENDED ACTION: Direct Agency General Counsel to prepare and authorize the Executive Director and Agency Secretary to execute an amendment with Sapphos Environmental, Inc. for an additional $98,942.21 for a total not to exceed $183,772.31 for preparation of a Historic Assessment Report. *** END OF CONSENT CALENDAR *** JOINT SESSIONS OF THE CITY COUNCIL, COMMUNITY REDEVELOPMENT AGENCY, AND SANTA ANA FINANCING AUTHORITY 5. RESOLUTIONS APPROVING PURCHASE, ISSUANCE AND SALE OF TAX ALLOCATION BONDS AND TAXABLE RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS AND APPROVING RELATED DOCUMENTS AND ACTIONS CITY COUNCIL ACTION RECOMMENDED ACTION: Adopt a resolution. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE AND SALE OF TAX ALLOCATION BONDS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO FINANCE AND REFINANCE REDEVELOPMENT ACTIVITIES WITHIN OR FOR THE BENEFIT OF THE AGENCY'S MERGED PROJECT AREA COMMUNITY REDEVELOPMENT AGENCY ACTION RECOMMENDED ACTIONS: 1. Adopt a resolution. A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE ISSUANCE AND SALE OF TAX ALLOCATION BONDS TO FINANCE AND REFINANCE REDEVELOPMENT ACTIVITIES WITHIN OR FOR THE BENEFIT OF THE AGENCY'S MERGED PROJECT AREA AND APPROVING RELATED DOCUMENTS AND ACTIONS 2. Authorize the payment of the credit rating fee to Standard and Poors in an amount not to exceed $27,000. CRA AGENDA 4 DECEMBER 6, 2010 3. Authorize the payment of the credit rating fee to Fitch Ratings in an amount not to exceed $30,000. 4. Authorize the payment of fees to Keyser Marston Associates, Inc. for preparation of the Fiscal Consultant Report and related services in an amount not to exceed $35,000. 5. Direct the Agency General Counsel to prepare and authorize the Executive Director and Agency Secretary to execute agreements with the financing team composed of financial advisor CSG Advisors, Incorporated (up to $85,000 plus expenses), underwriters Stone and Youngberg and De La Rosa & Co. (expected $6.00-$6.25 per $1,000 of bonds, approximately $470,000), bond counsel Quint & Thimmig (up to $110,000 plus expenses), and special disclosure counsel Stradling, Yocca, Carlson & Rauth (up to $90,000 plus expenses), subject to non-substantive changes approved by the Executive Director and Agency General Counsel. SANTA ANA FINANCING AUTHORITY RECOMMENDED ACTION: Adopt a resolution. A RESOLUTION OF THE GOVERNING BOARD OF THE SANTA ANA FINANCING AUTHORITY AUTHORIZING THE PURCHASE AND SALE OF TAX ALLOCATION BONDS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ISSUED TO FINANCE REDEVELOPMENT ACTIVITIES WITHIN OR FOR THE BENEFIT OF THE AGENCY'S MERGED PROJECT AREA AND APPROVING RELATED DOCUMENTS AND ACTIONS COMMENTS 6. COMMUNITY REDEVELOPMENT AGENCY BOARDMEMBER COMMENTS AT THIS TIME Community Redevelopment Agency board members may comment on non-agenda matters and ask questions of or give directions to staff. NO action may be taken on non-agenda items unless authorized by law. ADJOURNMENT CRA AGENDA 5 DECEMBER 6, 2010