HomeMy WebLinkAbout12-02-2014 PFA C1 Minutes of 09-16-14 Public Financing Authority
MEETING DATE: December 2, 2014
ITEM: PFA C1
MINUTES
CITY OF SAN LUIS OBISPO
SPECIAL AND REGULAR MEETING OF THE PUBLIC FINANCING AUTHORITY
Tuesday, September 16, 2014
Special Meeting – 4:00 p.m.
Regular Meeting – 6:00 p.m.
Council Chamber, 990 Palm Street
San Luis Obispo, California
CALL TO ORDER
A Special Meeting of the San Luis Obispo Public Financing Authority was called to order
on Tuesday, September 16, 2014 at 4:13 p.m. in the Council Chamber, located at 990
Palm Street, San Luis Obispo, California, by Chair Marx.
ROLL CALL
Authority Members
Present: Authority Members John Ashbaugh, Dan Carpenter, Kathy Smith, Vice
Chair Carlyn Christianson, and Chair Jan Marx
Authority Member
Absent: None
Authority Staff
Present: Katie Lichtig, Executive Director, Christine Dietrick, Legal Counsel,
Michael Codron, Assistant Executive Director, and Anthony Mejia,
Secretary, were present at Roll Call. Other staff members presented
reports or responded to questions as indicated in the minutes.
BUSINESS ITEM
PFA B1. AUTHORIZE THE ISSUANCE OF UP TO $8,305,000.00 PAR VALUE
LEASE REVENUE BONDS FOR THE EXPANSION OF THE LOS OSOS
VALLEY ROAD (LOVR)/HIGHWAY 101 OVERPASS - RESOLUTION
MOTION BY AUTHORITY MEMBER ASHBAUGH, SECOND BY VICE
CHAIR CHRISTIANSON, CARRIED 5-0, to continue this matter to the regular
meeting at 6:00 p.m.
RECESS
The Public Financing Authority recessed at 4:13 p.m.
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Public Financing Authority Meeting Minutes – September 16, 2014 Page 2
CALL TO ORDER
A Regular Meeting of the San Luis Obispo Public Financing Authority was called to
order on Tuesday, September 16, 2014 at 6:20 p.m. in the Council Chamber, located at
990 Palm Street, San Luis Obispo, California, by Chair Marx.
BUSINESS ITEM
PFA B1. AUTHORIZE THE ISSUANCE OF UP TO $8,305,000.00 PAR VALUE
LEASE REVENUE BONDS FOR THE EXPANSION OF THE LOS OSOS
VALLEY ROAD (LOVR)/HIGHWAY 101 OVERPASS - RESOLUTION
Finance and Information Technology Director Padilla reviewed the contents of
the Public Financing Authority Agenda Report.
MOTION BY AUTHORITY MEMBER CARPENTER, SECOND BY VICE
CHAIR CHRISTIANSON, CARRIED 5-0, to adopt Resolution No. 10562
(2014 Series) entitled “A Resolution of the Governing Board of the San Luis
Obispo Public Financing Authority, California, authorizing the issuance, sale
and delivery of San Luis Obispo Public Financing Authority Lease Revenue
Bonds; the execution and delivery of a Trust Agreement, a Site Lease, a
Facility Lease, and an Official Statement relating to the aforesaid bonds; and
certain other actions in connection with such transactions.”
ADJOURNMENT
The Public Financing Authority adjourned at 6:22 p.m.
__________________________
Anthony J. Mejia
Secretary
APPROVED BY THE PUBLIC FINANCING AUTHORITY: XX/XX/14
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