HomeMy WebLinkAbout SA FULL PACKET 2016-08-16MINUTES OF THE SPECIAL MEETING
OF THE SUCCESSOR AGENCY OF THE CITY OF
SANTA ANA, CALIFORNIA
CALLED TO ORDER
JULY 5, 2016
COUNCIL CHAMBER
22 CIVIC CENTER PLAZA
SANTA ANA, CA
7:50 P.M.
ATTENDANCE AGENCY MEMBERS Present:
MIGUEL A. PULIDO, Chair
VICENTE SARMIENTO, Chair Pro Tern
ANGELICA AMEZCUA
P. DAVID BENAVIDES
MICHELE MARTINEZ
ROMAN A. REYNA
PUBLIC COMMENTS - None
AGENCY MEMBER Absent:
SAL TINAJERO
STAFF Present:
DAVID CAVAZOS, Executive Director
SONIA R. CARVALHO, Legal Counsel
MARIA D. HUIZAR, Recording Secretary
CONSENT CALENDAR ITEMS
MOTION: Approve staff recommendations on Consent Calendar items 1 and 2.
MOTION: Reyna SECOND: Sarmiento
VOTE: AYES: Amezcua, Benavides, Pulido, Martinez, Reyna,
Sarmiento (6)
NOES: None (0)
ABSTAIN: None (0)
ABSENT: Tinajero (1)
SPECIAL MEETING MINUTES OF JUNE 21, 2016
MOTION: Approve Minutes.
MINUTES FOR CITY OF SANTA ANA JULY 5, 2016
ACTING AS SUCCESSOR AGENCY 1-i
EXCUSED ABSENCE
MOTION: Excuse the absence of Councilmember Sal Tinajero from the
July 5, 2016 Special Successor Agency Meeting.
* *END OF CONSENT CALENDAR **
BUSINESS CALENDAR ITEM
3. RESOLUTION AUTHORIZING THE REFUNDING OF THE TAX
ALLOCATION BONDS, SERIES 2003 A & B {STRATEGIC PLAN NO. 4, 2D)
MOTION:
1. Adopt a resolution.
SA RESOLUTION NO. 2016 -001 — A RESOLUTION OF THE
SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE
ISSUANCE OF ITS SUCCESSOR AGENCY TO THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, TAX
ALLOCATION REFUNDING BONDS (MERGED PROJECT AREA),
SERIES 2016; APPROVING A FORM OF INDENTURE, A FORM OF
BOND PURCHASE AGREEMENT AND A FORM OF CONTINUING
DISCLOSURE CERTIFICATE; MAKING CERTAIN DETERMINATIONS
RELATING THERETO; AND AUTHORIZING CERTAIN OTHER ACTION
IN CONNECTION THEREWITH
2. Authorize the City Manager and Clerk of the Council to execute
agreements with the following recommended firms through
December 31, 2017 and confirm Urban Futures, Inc ( "UFI ") as the
financial advisor for this transaction, based on the submitted fee
proposals and evaluations in order to provide refinancing services
related to the refunding of the former Community Redevelopment
Agency of the City of Santa Ana, South Main Street Redevelopment
Project, Tax Allocation Bonds Series 2003A and 2003B, subject to
non - substantive changes approved by the City Manager and the City
Attorney for the following amounts:
AGMT - Urban Futures, Inc. — Financial Advisor (not -to- exceed
$49,500);
AGMT - Stifel, Nicolaus & Company, Inc. — Underwriter (not -to-
exceed $102,500);
MINUTES FOR CITY OF SANTA ANA JULY 5, 2016
ACTING AS SUCCESSOR AGENCY 1-2
o AGMT - Orrick, Herrington & Sutcliffe LLP — Bond Counsel (not -
to- exceed $50,000);
o AGMT - Best Best & Krieger LLP — Disclosure Counsel (not -to-
exceed $31,000); and
o AGMT - Keyser Marston Associates, Inc. — Fiscal Consultant (not -
to- exceed $37,500)
3. Approve a waiver of the conflict of interest created by Stradling
Yocca Carlson & Rauth representing Stifel, Nicolaus & Company,
Inc, as underwriter's counsel in connection with the refunding of the
Community Redevelopment Agency of the City of Santa Ana, South
Main Street Redevelopment Project, Tax Allocation Bonds Series
2003A and 2003B.
4. Authorize the City Manager to execute the Consent Disclosure Form
provided by Stradling Yocca Carlson & Rauth, and any other
required documents, related to its representation of Stifel, Nicolaus
& Company, Inc. as underwriter's counsel with respect to this
specific bond refunding.
MOTION: Sarmiento SECOND: Amezcua
VOTE: AYES: Amezcua, Benavides, Pulido, Martinez, Reyna,
Sarmiento (6)
NOES: None (0)
ABSTAIN: None (0)
ABSENT: Tinajero (1)
COMMENTS
4. CITY COUNCIL ACTING AS SUCCESSOR AGENCY COMMENTS - None
ADJOURNED- 7:51 P.M.
Maria D. Huizar,
Recording Secretary
MINUTES FOR CITY OF SANTA ANA A _ JULY 5, 2016
ACTING AS SUCCESSOR AGENCY 1
1 -4
REQUEST FOR
SUCCESSORI�Ilpl.l.
ACTION
MEETING DATE:
AUGUST 16, 2016
TITLE:
QUARTERLY REPORT OF CONTRACTS
ENTERED INTO BY THE CITY MANAGER
(APRIL 1, 2016 —JUNE 30, 2016)
(STRATEGIC PLAN NO. 4, 1)
CITY MA WAGER
RECOMMENDED ACTION
Receive and file.
DISCUSSION
CLERK OF THE COUNCIL USE ONLY:
APPROVED
Q As Recommended
❑ As Amended
® Implementing Resolution
El Other
CONTINUED TO
191 12VI& 14
On November 19, 2012, the City Council of the City of Santa Ana acting as Successor Agency to
the former Community Redevelopment Agency of the City of Santa Ana (Successor Agency)
established the City Manager's authority to execute agreements in an amount not to exceed
$25,000. This authority required the submission of a quarterly report to the Successor Agency at
a public meeting on all such agreements, including the names of contractors and the amounts of
each contract. There were no agreements that were entered into during the period of April 1,
2016 through June 30, 2016. However, there was one agreement entered into during the period
of January 1, 2016 through March 31, 2016 that was not reported on the previous quarterly report
(Exhibit 1).
STRATEGIC PLAN ALIGNMENT
Approval of this item assists the City in meeting Goal #4 - Fiscal Sustainability, Objective #1
(Maintain a stable, efficient and transparent financial environment).
FISCAL IMPACT
There is no fiscal impact associated with this action.
SG /sb
Exhibit: 1. Quarterly Report
3 -1
Successor Agency
Quarterly Reports of Contracts
(January 1, 2016 - March 31, 2016)
VENDOR NAME I DATE I NUMBER I AMOUNT INSCRIPTION
Urban Futures, Inc. 3/21/2016 1516 -5 -001 $16,500 Continuing disclosure services
EXI B� 1