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LR 5/7/24 <br />RESOLUTION NO. 2024-001 <br />A RESOLUTION OF THE BOARD OF DIRECTORS OF THE <br />CITY OF SANTA ANA PUBLIC FINANCING AUTHORITY <br />APPROVING AND ADOPTING BYLAWS, ESTABLISHING <br />REGULAR MEETING DATES AND AUTHORIZING <br />CERTAIN OTHER ACTIONS IN CONNECTION <br />THEREWITH <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF SANTA <br />ANA PUBLIC FINANCING AUTHORITY AS FOLLOWS: <br />Section 1. The Board of Directors of the City of Santa Ana Public Financing <br />Authority hereby finds, determines and declares as follows: <br />A. WHEREAS, the City of Santa Ana Public Financing Authority (the "Authority") <br />was formed pursuant to the provisions of 6500 of the California Government <br />Code (the "Act'); and <br />B. WHEREAS, pursuant to the Act the Authority may from time to time make <br />Bylaws to carry into effect its powers and purposes; and <br />C. WHEREAS, the Authority must appoint officers to act on behalf of the Authority; <br />and <br />D. WHEREAS, the Authority has reviewed the Bylaws, which provides for the <br />appointment of officers, for the Authority, substantially in the form attached <br />hereto as Exhibit A; and <br />E. WHEREAS, the Joint Powers Agreement provides that regular meetings of the <br />Board of Directors of the Authority (the "Board of Directors") shall be held at <br />such time as the Board of Directors may fix by resolution from time to time and <br />special meetings shall be held whenever called by the Chairperson of the Board <br />of Directors, the Executive Director of the Authority or by a majority of the <br />members of the Board of Directors; and <br />F. WHEREAS, Government Code Section 6592.1 requires resolutions authorizing <br />bonds or any issuance of bonds or accepting the benefit of any bonds or the <br />proceeds of bonds be adopted by a joint powers authority at a regular meeting <br />held pursuant to Government Code Section 54954. <br />Section 2. Approval of Bylaws. The Authority hereby approves and adopts the <br />Bylaws, substantially in the form attached hereto, marked "Exhibit A," with such revisions, <br />amendments and completions as shall be approved by the Executive Director or the <br />Resolution No. 2024-001 <br />Page 1 of 3 <br />