03.19 Dissolution of Countywide Public Financing Authority1. SUBJECT
Resolution No. 11070 — A Resolution of the City Council of the City of Orange Approving the
Dissolution of the Countywide Public Financing Authority
2. SUMMARY
The Countywide Public Financing Authority was created in 1996 in order to finance the
Authority's members' portion of the initial 800 MHz Countywide Coordinated Communications
System (CCCS). The bonds issue by the Authority have been paid off in full and has no other
activities associated with it. In order to dissolve the Authority, each member agency must pass a
resolution approving the dissolution.
3. RECOMMENDED ACTION
Approve the Resolution.
4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOAL(S)
2d. Be a fiscally healthy community — effectively manage and develop City assets.
6. GENERAL PLAN IMPLEMENTATION
Not applicable.
7. DISCUSSION and BACKGROUND
The City, along with the cities of Brea, Buena Park, Fullerton, Garden Grove, Santa Ana, Seal
Beach, Stanton and Tustin, created the Countywide Public Financing Authority in 1996 for the
sole purpose of purchasing and implementation of the initial 800 MHz CCCS. The bonds have
been paid off in full and the Authority has no other activity associated with it. As a result, the
State Controller's Office has requested that the Authority be resolved. In order to dissolve the
Authority, each member must pass a Resolution approving of the dissolution. Resolution 11070
approves the dissolution as to the City of Orange.
18. ATTACHMENTS
Resolution No. 11070
ITEM 2 4/10/18
RESOLUTION NO. 11070
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ORANGE APPROVING THE DISSOLUTION OF THE
COUNTYWIDE PUBLIC FINANCING AUTHORITY
WHEREAS, the City Council of the City of Orange (the "City ") approved Resolution No.
8621, authorizing the execution of a joint exercise of powers agreement creating the Countywide
Public Financing Authority (the "Authority "); and
WHEREAS, pursuant to a joint powers agreement, dated June 19, 1996 (the
"Agreement "), the City and the cities of Brea, Buena Park, Fullerton, Garden Grove, Santa Ana,
Seal Beach, Stanton and Tustin (the "Members "), created the Authority to provide a vehicle to
financing projects beneficial to the Members; and
WHEREAS, the Authority has no outstanding indebtedness and is not a party to any
outstanding material contracts and the Members desire to dissolve the Authority;
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Orange hereby
resolves as follows:
The City, as a Member, hereby elects to terminate the Agreement and to dissolve the
Authority which dissolution shall take effect upon the concurrence of all Members.
2. Quint & Thimmig LLP, Larkspur, California, is hereby authorized to provide all necessary
documentation to the State Controller to effectuate such dissolution.
All actions of the officers, agents and employees of the Council or the City that are in
conformity with the purposes and intent of this Resolution, whether taken before or after
the adoption hereof, are hereby ratified and confirmed.
4. This Resolution shall be in full force and effect immediately upon its adoption.
Adopted this day of .2018.
Teresa E. Smith
Mayor of the City of Orange
ATTEST:
Mary E. Murphy
City Clerk of the City of Orange
CITY COUNCIL MINUTES APRIL 10, 2018
3. CONSENT CALENDAR (Continued)
3.18 Purchase twenty (20) Scott X380 Thermal Imaging Cameras and accessories from
Allstar Fire Equipment, Inc. for $138,970.58. (C2500.H)
ACTION: Authorized the purchase of 20 Scott X380 Thermal Imaging Cameras and
accessories from Allstar Fire Equipment, Inc. for a total of $138,970.58.
3.19 Dissolution of the Countywide Public Financing Authority. Resolution No. 11070.
(OR1800.0.3.22)
A Resolution of the City Council of the City of Orange approving the dissolution of the
Countywide Public Financing Authority.
ACTION: Approved Resolution No. 11070.
3.20 Approval of a Debt Issuance and Management Policy. Resolution No. 11072.
(C2500.J)
A Resolution of the City Council of the City of Orange adopting a debt issuance and
management policy.
ACTION: Approved Resolution No. 11072.
3.21 Approval of the proposed List of Streets for the Road Maintenance and
Rehabilitation Account (RMRA) Funding Program, FY 2018 -19. Resolution No.
11073. (S4000.S.7)
A Resolution of the City Council of the City of Orange approving the proposed List of
Streets (Attachment "A ") for the Road Maintenance and Rehabilitation Account (RMRA)
Funding Program, FY 2018 -19 and adjust the City's budget to properly track the
expenditure of these funds.
ACTION: Approved Resolution No. 11073.
MOTION — Whitaker
SECOND — Alvarez
AYES — Alvarez, Whitaker, Smith, Murphy, Nichols
Councilmember Nichols recorded an abstention on Item 3.4. All other items on the
Consent Calendar were approved as recommended.
END OF CONSENT CALENDAR
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