HomeMy WebLinkAbout2002-03-26 - MINUTES - PFA (2)MINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
PUBLIC FINANCING AUTHORITY
MARCH 26, 2002
CONVENE PUBLIC FINANCING AUTHORI'T'Y
Chair Ferry convened the meeting of the Public Financing Authority at 7:13 p.m.
CALL TO ORDER
All Authority members were present.
PUBLIC PARTICIPATION
There was none.
APPROVAL OF AE[NUTES
Motion by Smyth, second by Darcy, to approve the minutes of the
November 13, 2001 meeting as submitted.
Hearing no objections, it was so ordered.
PFA 1
NEW BUSINESS
EMPLOYEE PARKING LOT CAPITAL LEASE
Frank Oviedo, Management Analyst, reported that in December, the City was --n ;ked that ii'
would have to move off of the leased employee auxiliary lot by March 15, 2003 i. As;a result,
staff made every attempt to search for solutions to accommodate additional er 3pfc dee parking.
It has been determined that the property located on Citrus Street would be a vi -Able long-term
solution for employee parking at City Hall. Staff has completed an appraisal ithd phase'I
environmental No significant finding resulted from the phase I environmental study.' Both
parties have agreed to a purchase price.
Public Financing Authority: Motion by Kellar, second by Darcy, to adopt
Resolution No. JPA 02-1 authorizing the City Manager to execute a capital
lease agreement through Zions First National Bank to purchase a parking lot
for an amount not to exceed $1,200,000, subject to City Attorney approval.
On roll call vote:
Ayes: Darcy, Kellar, Weste, Ferry
Noes: Smyth
Absent: None
Motion carried.
City Council: Motion by Kellar, second by Darcy, to adopt Resolution No. 02-35
authorizing and directing the City Manager or designee to take certain actions
associated with the execution of capital lease agreements to purchase a
parking lot, for an amount not to exceed $1,200,000, subject to City Attorney
t approval.
On roll call vote:
Ayes: Kellar, Weste, Darcy, Ferry
Noes: Smyth
Absent: None
Motion carried.
ADJOURN PUBLIC FINANCING AUTHORITY
Chair Ferry adjourned the Public Financing Authority at 7:19 p.m.
ATTEST:
02mar26pfa.doc
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