HomeMy WebLinkAbout2001-11-13 - MINUTES - PFA (2)M .UMS OF REGULAR MEETING
r . CITY OF SANTA CLARITA
I( PUBLIC FINANCING AUTHORITY
NOVEMBER 13, 2001
CONVENE PUBLIC FINANCING AUTHORITY
Chair Weste convened the meeting of the Public Financing Authority at 9:10 P.M.
CALL TO ORDER
All Authority members were present.
PUBLIC PARTICIPATION
There was none.
APPROVAL OF MINUTES
Motion by Darcy, second by Smyth, to approve the minutes of August 26,1997.
Hearing no objections, it was so ordered.
PFA 1
NEW BUSINESS
APPROVAL OF DOCUMENTS RELATED TO THE PURCHASE OF 38 -ACRES OF
PARKLAND AND ISSUANCE OF $3,200,000 IN CERTIFICATES OF PARTICIPATION
Steve Stark, Director of Administrative Services, reported that during the budget study
sessions in June of this year, the City Council directed staff to explore the option of purchasing
the 38 -acre Ruether Avenue Business Park (RASP) for the City. On August 28, 2001, the City
Council authorized staff to enter into formal negotiations with the owners of the property. As
a result, staff was directed by the City Manager to complete all the due diligence necessary in
order to prepare a reasonable offer to the Business Park owners.
Rick Gould, Director of Parks, Recreation and Community Services, provided additional
information.
Addressing the Council on this item was Berta Gonzalez -Harper and Allan Cameron.
Motion by Smyth, second by Ferry, to adopt Resolution No. JPA 01-1
approving documents in connection with the execution and delivery of
$3,200,000 in Certificates of Participation (COP) for Parkland
acquisition.
On roll call vote:
Ayes: Ferry, Smyth, Darcy, Kellar, Weste
Noes: None
Absent: None
Motion carried.
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ADJOURN PUBLIC FINANCING AUTHORITY
Chair Weste adjourned the Public Financing Authority at 9:21 p.m.
ATTEST:
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SECRETARY
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