PUBLIC FINANCING AUTHORITY 1 May 7, 2024
DRAFT Minutes of the Special Meeting
of the Public Financing Authority
Santa Ana, California
May 7, 2024
CALL TO ORDER
MINUTES: Chair Amezcua called the Public Financing Authority Special Meeting to order at 10:54 P.M.
ATTENDANCE Board Members Phil Bacerra
Johnathan Ryan Hernandez
Jessie Lopez
David Penaloza
Benjamin Vazquez
Vice Chair Thai Viet Phan
Chair Valerie Amezcua
Acting City Manager Alvaro Nuñez
City Attorney Sonia R. Carvalho
Secretary of the Board Jennifer L. Hall
ROLL CALL
MINUTES: Secretary Jennifer L. Hall conducted Roll Call.
Chair Amezcua, Vice Chair Phan, and Authority Members Bacerra, Hernandez, Lopez, Penaloza, and Vazquez (arrived 10:55 P.M.) were present.
ADDITIONS\DELETIONS TO THE PUBLIC FINANCING AUTHORITY AGENDA MINUTES: None.
PUBLIC FINANCING AUTHORITY 2 May 7, 2024
PUBLIC COMMENTS – Members of the public may address the Public Financing Authority on items on the Public Financing Authority agenda.
MINUTES: No public comments were received regarding the Public Financing Authority agenda.
RECOMMENDED ACTION: Approve staff recommendations on the following Consent Calendar Item: 1.
MINUTES: At 10:54 P.M., the Consent Calendar was considered.
MOTION: Board Member Hernandez moved to approve staff recommendation on the following Consent Calendar Item: 1, seconded by Chair Amezcua.
The motion carried, 7-0, by the following roll call vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
BOARD MEMBER BACERRA, BOARD MEMBER
HERNANDEZ, BOARD MEMBER LOPEZ, BOARD MEMBER
PENALOZA, BOARD MEMBER VAZQUEZ, VICE CHAIR
PHAN, CHAIR AMEZCUA
NONE
NONE
NONE
Status: 7 – 0 - Pass
1. Excused Absences
Department(s): City Clerk’s Office
Recommended Action: Excuse the absent members.
**END OF CONSENT CALENDAR**
**BUSINESS CALENDAR**
2. Board Consideration of Resolutions to Approve and Adopt City of Santa Ana Public Financing Authority Bylaws and to Declare its Intent to Issue Water Revenue Refunding Bonds Structured as Lease Revenue Bonds Department(s): Finance and Management Services
CONSENT CALENDAR
PUBLIC FINANCING AUTHORITY 3 May 7, 2024
Recommended Action: 1. Adopt a Resolution of the Board of Directors of the City of Santa Ana Public Financing Authority approving and adopting Bylaws, establishing regular meeting dates, and authorizing certain other actions in connection therewith.
RESOLUTION NO. 2024-001 entitled A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE CITY OF SANTA ANA PUBLIC FINANCING AUTHORITY
APPROVING AND ADOPTING BYLAWS, ESTABLISHING REGULAR MEETING
DATES AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH
2. Adopt a Resolution of the Board of Directors of the City of Santa Ana Public Financing Authority declaring its intent to issue Tax Exempt obligations to be used to reimburse the City of Santa Ana for expenditures prior to the issuance of such Bonds.
RESOLUTION NO. 2024-002 entitled A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE CITY OF SANTA ANA PUBLIC FINANCING AUTHORITY
DECLARING ITS INTENT TO ISSUE LEASE REVENUE BONDS TO BE USED TO
REIMBURSE THE CITY OF SANTA ANA PUBLIC FINANCING AUTHORITY FOR
EXPENDITURES PRIOR TO THE ISSUANCE OF SUCH BONDS
**END OF BUSINESS CALENDAR**
PUBLIC FINANCING AUTHORITY MEMBER COMMENTS
MINUTES: None.
ADJOURNMENT – Adjourn the Public Financing Authority meeting.
MINUTES: Chair Amezcua adjourned the Public Financing Authority Meeting at 10:56 P.M.
Respectfully submitted:
__________________________
Jennifer L. Hall, CMC
Secretary