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09-02-2014 Minutesminutes city of san tui s oBi spo 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, Chair Carlyn Christianson, and Chair Authority Member Absent: None Dan Carpenter, Kathy Smith, Vice Jan Marx 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. 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 131. 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 Pubiic 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. thony J. Meji _ Secretary APPROVED BY THE PUBLIC FINANCING AUTHORITY: 12/02/2014