55394.00068\42104924.1
Resolution No. 2024-XXX
LR 5/7/24
RESOLUTION NO. 2024-XXX
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA
AUTHORIZING THE CREATION OF THE CITY OF SAN TA ANA PUBLIC
FINANCING AUTHORITY AND CERTAIN OTHER MATTERS PERTAINING
THERETO
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS:
Section 1. The City Council of the City of Santa Ana hereby finds, determines and declares as follows:
A. WHEREAS, the City Council (the “City Council”) of the City of San ta Ana (the "City") has determined that it is in the best interests of the City to approve a joint powers authority which shall be created by the City and the Housing Authority of the City of Santa Ana (the "Housing Authority") for the purpose of assisting the members of such joint powers authority with the financing of public capital improvements for the benefit of the community; and
B. WHEREAS, it has been proposed that the City and the Housing Authority form a joint powers authority to be designated as the "City of San ta Ana Public Financing Authority" (the "Financing Authority"), pursuant to a Joint Exercise of Powers Agreement (the "Joint Powers Agreement"), by and between the City and the Housing Authority, dated ____________, 2024, a copy of which has been presented to the City Council, pursuant to the Joint Powers Law (Articles 1 through 4 of Chapter 5, division 7, Title 1 of the California Government Code); and
C. WHEREAS, the City Council, with the aid of its staff, has reviewed the Joint Powers Agreement and the City Council wishes to approve the Joint Powers Agreement, the creation of the Financing Authority and matters related thereto.
Section 2. Creation of Authority. The City hereby approves the creation of the Financing Authority, the membership of the City therein and the Joint Powers Agreement.
The Mayor and the City Clerk are and each of them is hereby authorized and directed to execute and delivery the Joint Powers Agreement for and on behalf of the City with any such changes as the City Manager may deem appropriate.
EXHIBIT 1
Resolution No. 2024-XXX
Section 3. Effective Date. This Resolution shall take effect immediately upon its adoption by the City Council, and the City Clerk shall attest to and certify the vote adopting this Resolution.
ADOPTED this ____ day of ___, 2024.
_______________________
Valerie Amezcua
Mayor
APPROVED AS TO FORM:
Sonia R. Carvalho
City Attorney
By:________________________
Laura A. Rossini
Chief Assistant City Attorney
AYES: Councilmembers _______________________________________
NOES: Councilmembers _______________________________________
ABSTAIN: Councilmembers _______________________________________
NOT PRESENT: Councilmembers _______________________________________
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, JENNIFER HALL, City Clerk, do hereby attest to and certify that the attached Resolution No. ______ to be the original resolution adopted by the City Council of the City of Santa Ana on _____, 2024.
Date: ________________ ____________________________________ Jennifer L. Hall
City Clerk
City of Santa Ana