HomeMy WebLinkAbout1997-07-08 - MINUTES - REGULAR PFA (6)MINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
SANTA CLARITA PUBLIC FINANCING AUTHORITY
JULY 8,1997
CALL TO ORDER Chair Smyth called to order the Public Financing Authority
meeting at 7:28 p.m. All Authority members were present.
PUBLIC PARTICIPATION There was no public participation.
PFA 1 Steve Stark, Director, Administrative Services, reported that
ADVANCED REFUNDING in October of 1991, the City of Santa Clarita issued bonds to
OF PFA BOND - fund certain public improvements through the Public
RESOLUTION NO. JPA 97-1 Financing Authority (PFA), a joint powers authority created
by the City and Redevelopment Agency.
►:111arel u;�.1s 101►W 1
ATTEST:
SECRETARY
9Tju18.pfa
Bond counsel, Maryann Goodbind, Musick, Peeler and
Garrett, explained the legal documents to refinance the
bonds.
Motion by Heidt, second by Darcy, to adopt Resolution No.
JPA 97-1 approving the refunding of the 1991 revenue bonds,
approving and authorizing the execution, sale, and delivery of
refunding certificates of participation, in the principal amount
not to exceed $20,900,000 to provide funds to refinance the
cost for certain public improvements. Authorize and approve
certain documents in connection with the execution, sale and
delivery of said certificates of participation. Authorize certain
other actions in connection therewith.
On roll call vote:
Ayes: Heidt, Majic, Boyer, Darcy, Smyth
Noes: None
Absent: None
Motion carried.
At 7:39 p.m., Chair Smyth adjourned the Public Financing
Authority meeting.