HomeMy WebLinkAboutTPFA MINUTES 2007 04 17MINUTES OF THE SPECIAL MEETING OF THE
TUSTIN PUBLIC FINANCING AUTHORITY
TUSTIN, CALIFORNIA
APRIL 17, 2007
CALL TOORDER- 9:32 P.M.
ATTENDANCE
Present: Chair Lou Bone, Chair Pro Tem Jerry Amante, Directors Doug
Davert, Tony Kawashima, and Jim Palmer
Absent: None
Recording Secretary: Pamela Stoker
Others Present: William A. Huston, Executive Director and Douglas C. Holland,
City Attorney
PUBLIC INPUT- None
RECESS AT 9:13 P.M. TO AJOINT MEETING BETWEEN THE
COMMUNITY REDEVELOPMENT AGENCY,
TUSTIN PUBLIC FINANCING AUTHORITYAND CITY COUNCIL
21. LOAN AGREEMENT WITH CITIGROUP GLOBAL MARKETS
It was moved by Councilmember Davert, seconded by Mayor Pro Tem
Amante, to approve the following item:
Motion carried 5-0.
Community Redevelopment Agency Action (Item No. 2)
Motion: Adopt resolutions.
RDA RESOLUTION N0.07-03 - A resolution of the Tustin Community
Redevelopment Agency approving the form and authorizing the
issuance of a promissory note and approving the form and authorizing
the execution of a note purchase agreement relating thereto, in an
amount not to exceed $5,100,000, in connection with the financing of
the acquisition of certain land within the agency's South Central
Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series ANote -Tax-Exempt)
Tustin Public Financing Authority Meeting April 17, 2007
Minutes Page 1 of 3
RDA RESOLUTION N0.07-02 - A resolution of the Tustin Community
Redevelopment Agency approving the form and authorizing the
issuance of a promissory note and approving the form and authorizing
the execution of a note purchase agreement relating thereto, in an
amount not to exceed $19,900,000, in connection with the financing of
the acquisition of certain land within the agency's South Central
Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series BNote -Taxable)
Tustin Public Financing Authority Action (Item No. 2)
Mofion: Adopt resolutions.
TPFA RESOLUTION N0. 07-03 - A resolution of the Tustin Public
Financing Authority approving the form and authorizing the execution of
a note purchase agreement in an amount not to exceed $5,100,000, in
connection with the financing by the Tustin Community Redevelopment
Agency of the acquisition of certain land within the agency's South
Central Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment project and authorizing and directing actions with
respect thereto (Series ANote -Tax-Exempt)
TPFA RESOLUTION N0. 07-02 - A resolution of the Tustin Public
Financing Authority approving the form and authorizing the execution of
a note purchase agreement in an amount not to exceed $19,900,000, in
connection with the financing by the Tustin Community Redevelopment
Agency of the acquisition of certain land within the agency's South
Central Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series BNote -Taxable)
City Council Action (Item No. 21)
Mofion: Adopt resolutions.
RESOLUTION N0.07-39 - A resolution of the City Council of the City
of Tustin approving the issuance by the Tustin Community
Redevelopment Agency of a promissory note in an amount not to
exceed $5,100,000, in connection with the financing of the acquisition
of certain land within the agency's South Central Redevelopment
Project but of benefit to its MCAS Tustin Redevelopment Project
(Series ANote -Tax-Exempt)
RESOLUTION N0.07-37 - A resolution of the City Council of the City.
of Tustin approving the issuance by the Tustin Community
Tustin Public Financing Authority Meeting April 17, 2007
Minutes Page 2 of 3
Redevelopment Agency of a promissory note in an amount not to
exceed $19,900,000, in connection with the financing of the acquisition
of certain land within the agency's South Central Redevelopment
Project but of benefit to its MCAS Tustin Redevelopment Project
(Series BNote -Taxable)
CITY COUNCIL MEETING WAS RECONVENED AT 9:14 P.M. WITH ALL MEMBERS
PRESENT
REGULAR BUSINESS ITEM
1. APPROVAL OFMINUTES -SPECIAL MEETING OF MARCH 20, 2007
Motion: It was moved by
approve the Tustin Public
Motion carried 5-0.
ADJOURNED-9:33 P.M.
~~~
Director Palmer, seconded by Director Davert, to
Financing Authority Minutes of March 20, 2007.
LOU BONE,
Chair
PAMELA STOK ,
Recording Secretary
Tustin Public Financing Authority Meeting
Minutes
April 17, 2007
Page 3 of 3