HomeMy WebLinkAbout1997-08-26 - MINUTES - REGULAR PFA MTG (2)MINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
SANTA CLARITA PUBLIC FINANCING AUTHORITY
AUGUST 26, 1997
CALL TO ORDER
Chair Smyth called to order the Santa Clarita Public Financing Authority meeting at 8:15 p.m. All
Authority members were present.
APPROVAL OF MINUTES
Motion by Boyer, second by Darcy, to approve the minutes of the July 8, 1997 meeting.
Hearing no objections, it was so ordered.
PUBLIC PARTICIPATION
There was no public participation.
PFA 1
ASSIGNMENT AND CONVEYANCE AGREEMENT - JPA 97-2
In the 1991 financing, the Redevelopment Agency acted as a conduit to receive lease payments.
Presently, it is more appropriate that the PFA, rather than the Redevelopment Agency, act as the
conduit to receive lease payments from the City. The City successfully refinanced the PFA Certificates
r of Participation resulting in a significant savings.
No requests to speak were submitted on this item.
Motion by Boyer, second by Heidt, to adopt Resolution No. JPA 97-2 approving a
conveyance and assignment agreement in connection with the execution, sale and
delivery of $19,670,000 refunding certificates of participation.
On roll call vote:
Ayes: Darcy, Heidt, lU jic, Boyer, Smyth
Noes: None
Absent: None
Resolution No. JPA 97-2 adopted.
ADJOURNMENT
Motion by Darcy, second by Klajic to adjourn the Public Financing Authority meeting
at 8:16 p.m.
Hearing no objections, it was so ordere,
ATTEST:
SECRETARY
97augXpfa