HomeMy WebLinkAboutSRJPFA Minutes 2018-03-05
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In the Council Chambers of the City of San Rafael, Monday, March 5, 2018 at 7:00 p.m.
Regular Meeting Minutes
San Rafael Joint Powers Financing Authority
Present: Chairman Phillips
Vice-Chair Gamblin
Board Member Bushey
Board Member Colin
Board Member McCullough
Absent: None
Also Present: Executive Director Jim Schutz
Legal Advisor Robert Epstein
Interim Secretary Lindsay Lara
1. DISCUSSION:
a. Resolution Authorizing the Issuance of Lease Revenue Bonds in an Initial Aggregate Principal Amount Not to Exceed
$55,000,000 in Connection with Financing Certain Public Capital Improvements Consisting of Public Safety Facilities,
Authorizing and Directing Execution of an Indenture of Trust, a Lease Agreement, a Site Lease and Certain Ot her
Documents, Authorizing the Negotiation for the Sale of Bonds Pursuant to a Bond Purchase Agreement, Approving
an Official Statement, and Authorizing Other Related Actions (Fin) – FA-6
JPFA Essential Facilities Bonds
Mark Moses, Treasurer and Controller, presented the staff report
Chairman Phillips
Chairman Phillips invited public comment; however, there was none.
Vice-Chair Gamblin moved and Board Member McCullough seconded to adopt the Resolution
RESOLUTION JPFA 2018-01 – RESOLUTION OF THE SAN RAFAEL JOINT POWERS FINANCING AUTHORITY AUTHORIZING THE
ISSUANCE OF LEASE REVENUE BONDS IN AN INITIAL AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $55,000,000 IN
CONNECTION WITH FINANCING CERTAIN PUBLIC CAPITAL IMPROVEMENTS CONSISTING OF PUBLIC SAFETY FACILITIES,
AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST, A LEASE AGREEMENT, A SITE LEASE AND CERTAIN
OTHER DOCUMENTS, AUTHORIZING THE NEGOTIATION FOR THE SALE OF BONDS PURSUANT TO A BOND PURCHASE
AGREEMENT, APPROVING AN OFFICIAL STATEMENT, AND AUTHORIZING OTHER RELATED ACTIONS
AYES: Board Members: Bushey, Colin, Gamblin, McCullough & Chairman Phillips
NOES: Board Members: None
ABSENT: Board Members: None
ADJOURNMENT:
Chairman Phillips adjourned the meeting
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LINDSAY LARA, Secretary
APPROVED THIS _____ DAY OF _______, 2018
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GARY O. PHILLIPS, Chairman