HomeMy WebLinkAbout2007-12-12 - MINUTES - PFA REGULAR (2)MINUTES OF REGULAR MEETING
' CITY OF SANTA CLARITA
PUBLIC FINANCING AUTHORITY
DECEMBER 12, 2006
CALL TO ORDER
Chair McLean called the meeting of the Public Financing Authority to order at 7:46 p.m.
ROLL CALL
All Authority Members were present.
PUBLIC PARTICIPATION
There was none.
APPROVAL OF MINUTES
Motion by Kellar, second by Ferry, to approve the minutes of the June 14, 2005
meeting as submitted.
Hearing no objections, it was so ordered.
PFA 15
JOINT PUBLIC HEARING
' APPROVAL OF DOCUMENTS RELATED TO THE ISSUANCE OF THE NOT TO EXCEED
$15,000,000 SANTA CLARITA PUBLIC FINANCING AUTHORITY LEASE REVENUE
BONDS, SERIES 2007
Chair/Mayor McLean opened the public hearing.
Sharon Dawson, Secretary/City Clerk, stated that all notices required have been provided
In report Darren Hernandez, Director of Administrative Services, advised that this item is for the
consideration of action related to Golden Valley Road.
Addressing the Authority/Councilm embers on this item was Cam Noltemeyer.
Carl Newton, City Attorney, clarified that this action is recommended as a result of ajury verdict
and order of the court.
Chair/Mayor McLean closed the public hearing.
Motion by Kellar, second by Ferry, to take the following 2 actions:
City Council: to adopt Resolution No. 06-114 entitled: "RESOLUTION OF THE
CITY COUNCIL OF THE CITY OF SANTA CLARITA APPROVING THE
ISSUANCE OF LEASE REVENUE BONDS, SERIES 2007 (GOLDEN VALLEY
ROAD), TO BE ISSUED BY THE SANTA CLARITA PUBLIC FINANCING
AUTHORITY, AUTHORIZING AND APPROVING A SITE AND FACILITIES
LEASE, A LEASE AGREEMENT, A PRELIMINARY OFFICIAL STATEMENT, ,
A FINAL OFFICIAL STATEMENT, AND A CONTINUING DISCLOSURE
AGREEMENT; AND AUTHORIZING THE TAKING OF CERTAIN OTHER
ACTIONS IN CONNECTION THEREWITH".
Public Financing Authority: to adopt Resolution No. JPA 06-1 entitled:
"RESOLUTION OF THE SANTA CLARITA PUBLIC FINANCING
AUTHORITY AUTHORIZING AND APPROVING THE ISSUANCE OF LEASE
REVENUE BONDS, SERIES 2007 (GOLDEN VALLEY ROAD), IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $15,000,000,
APPROVING SALE DOCUMENTS, A SITE AND FACILITIES LEASE, A
LEASE AGREEMENT, AN ASSIGNMENT AGREEMENT, AN INDENTURE, A
PRELIMINARY OFFICIAL STATEMENT, AND A FINAL OFFICIAL
STATEMENT; APPROVING THE RETENTION OF CERTAIN
PROFESSIONAL FIRMS; AND AUTHORIZING THE TAKING OF CERTAIN
OTHER ACTIONS IN CONNECTION THEREWITH".
On roll call vote:
Ayes: Weste, Ferry, Kellar, McLean
Noes: None
Absent: None
Motion carried.
ADJOURN PUBLIC FINANCING AUTHORITY
'
Chair McLean adjourned the meeting of the Public Financing Authority at 7:54 p.m.
CHAIR
ATTEST:
SECRETARY
06dec 12pfam.doc
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