HomeMy WebLinkAbout3 - RESO - ESTABLISH SCHEDULE OF MEETINGSREQUEST FOR SANTA
ANA FINANCING
AUTHORITY ACTION
CITY COUNCIL MEETING DATE:
JUNE 3, 2014
TITLE:
RESOLUTION ESTABLISHING A
SCHEDULE OF REGULAR MEETINGS
FOR THE SANTA ANA FINANCING
AUTHORITY
ZIP
CITY MANA R
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
❑ Ordinance on 1s` Reading
❑ Ordinance on 2n° Reading
❑ Implementing Resolution
❑ Set Public Hearing For
CONTINUED TO
FILE NUMBER
Adopt a resolution establishing a schedule of regular meetings for the Santa Ana Financing
Authority.
DISCUSSION
The Santa Ana Financing Authority (Authority) is a public agency pursuant to the Joint Exercise
of Powers Agreement (JPA) dated August 1, 1993, between the City of City of Santa Ana and
the Community Redevelopment Agency of the City of Santa Ana. The Authority is governed by
the board of directors comprised of the seven members of the City Council who are authorized
under the JPA to issue bonds and provide financial assistance to the City for the acquisition and
construction of public capital improvements.
To provide the Authority with the flexibility to adopt resolutions for the issuance and/or
refinancing of debt, it is necessary to establish Authority meeting dates which coincide with
regularly scheduled City Council meetings. As such, the Board of the Authority desires to
establish a schedule of regular meetings in conjunction with the regular scheduled meetings of
the City Council.
FISCAL IMPACT
There is no fiscal impact associated with this action.
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RESOLUTION NO. 2014 -XXX
A RESOLUTION OF THE GOVERNING BOARD OF THE
SANTA ANA FINANCING AUTHORITY ESTABLISHING
REGULAR MEETINGS OF THE AUTHORITY
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 Santa Ana Financing 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 statutorily authorized by Article 4 of Chapter 5 of Division 7
to Title 1 of the California Government Code (Government Code 6584, et
seq.] and is empowered under the JPA agreement to issue its bonds to,
among other things, provide financial assistance to the City for the acquisition
and construction of public capital improvements;
C. The Authority is governed by a board of directors comprised of the seven
member City Council of the City;
D. The Board of the Authority (the "Board ") wishes to establish a schedule of
regular meetings of the Authority to coincide with the regularly scheduled
meetings of the City Council;
E. Section 4.C. of the Agreement states that at least one regular meeting shall
be held each year and that regular meetings to be held more frequently shall
be fixed by resolution;
Section 2. Regular meetings of the Board may be held on the same dates and
at the same location as regular meetings of the City Council meeting and shall be
noticed in the same manner as City Council meetings; provided however, that if no
agenda is posted for a regular meeting of the Authority, then such regular meeting shall
be deemed cancelled. If any day so fixed for a regular meeting shall fall upon a legal
holiday, then such regular meeting shall be held upon the next succeeding business day
at the same hour. The Board shall meet at a regular meeting at least once each
calendar year.
Resolution No. 2014 -xxx
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Section 3. All actions heretofore taken by the officers and agents of the
Authority with respect to the transactions set forth above are hereby approved,
confirmed and ratified.
Section 4. 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
and certify the vote adopting this Resolution.
ADOPTED this day of
APPROVED AS TO FORM:
Sonia A. Carvalho, City Attorney
Jose Sandoval
Chief Assistant City Attorney
AYES:
NOES:
ABSTAIN:
NOT PRESENT
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
2014.
Miguel A. Pulido
Chairman
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Secretary of the Authority, do hereby attest to and certify that
Resolution No. SAFA 2014- to be the original resolutions adopted by the Santa Ana
Financing Authority on May 20, 2014.
Date:
Resolution No. 2014 -xxx
Page 2 of 3
Secretary, Financing Authority
City of Santa Ana
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