HomeMy WebLinkAbout2014-003 SAFARESOLUTION NO. 2014 -003
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.
SAFA Resolution No. 2014 -003
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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 3rd day of June, 2014.
APPROVED AS TO FORM:
Sonia R. Carvalho, General Counsel
By-
se Sandoval,
6-Assistant General Counsel
AYES Authority members: Amezcua. Benavides, Reyna, Pulido. Tinaiero (5)
NOES: Authority members: None (0)
ABSTAIN: Authority members: None (0)
NOT PRESENT: Authority members: Martinez. Sarmiento (2)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Secretary of the Authority, do hereby attest to and certify that
Resolution No. 2014 -003 to be the original resolutions adopted by the Santa Ana
Financing Authority on June 3, 2014.
Date: �&
Secretary, Financing Author'
City of Santa Ana
SAFA Resolution No. 2014 -003
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