HomeMy WebLinkAbout2006-06-14 - MINUTES - PUBLIC FINANCING AUTHORITY (2)MINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
PUBLIC FINANCING AUTHORITY
JUNE 14, 2005
CALL TO ORDER
Chair Smyth called the meeting of the Public Financing Authority to order at 7:26 p.m.
ROLL CALL
All Authority Members were present.
PUBLIC PARTICIPATION
There was none.
APPROVAL OF MINUTES
Motion by Kellar, second by McLean, to approve the minutes of the
January 27, 2004 meeting as submitted.
Hearing no objections, it was so ordered.
PFA 1
NEW BUSINESS
APPROVAL OF DOCUMENTS RELATED TO THE REFINANCING OF THE 1997
CERTIFICATES OF PARTICIPATION
Darren Hernandez, Director of Administrative Services, advised that this item is for the
consideration of refinancing the 1997 COPS to achieve savings to the City.
No requests to speak were submitted on this item.
City Council: Motion by Weste, second by McLean, to adopt Resolution No. 05-68
authorizing the current refunding of the 1997 Certificates of Participation and the
execution and delivery of the not to exceed $18,500,000 Refunding Certificates of
Participation (Public Facilities) 2005 Series, approve the execution of sale
documents, a trust agreement, a base lease, a lease agreement, assignment
agreement, continuing disclosure agreement, escrow agreement and preliminary
official statement and authorize the taking of certain actions in connection with the
execution and delivery of such Refunding Certificates of Participation.
On roll call vote:
Ayes: McLean, Weste, Kellar, Ferry, Smyth
Noes: None
Absent: None
Motion carried.
Public Financing Authority: Motion by McLean, second by Weste, to adopt
Resolution No. JPA 05-1 approving documents in connection with the execution and
delivery of not to exceed $18,500,000 in Refunding Certificates of Participation
(Public Facilities) 2005 Series.
On roll call vote:
Ayes: Weste, Kellar, Ferry, McLean, Smyth
Noes: None
Absent: None
Motion carried.
ADJOURN PUBLIC FINANCING AUTHORITY
Chair Smyth adjourned the meeting of the Public Financing Authority at 7:27 p.m.
CHAIR
ATTEST:
6R
SECRETARY
05Junl4pfam.doc