2003-10-07 APFA and CIC minutesMINUTES OF THE SPECIAL JOINT CITY COUNCIL
ALAMEDA PUBLIC FINANCING AUTHORITY, AND
COMMUNITY IMPROVEMENT COMMISSION MEETING
TUESDAY- - OCTOBER 7, 2003 -7:20 P.M.
Mayor /Chair Johnson convened the Special Joint Meeting at 7:51 p.m.
ROLL CALL - Present: Councilmembers /Authority Members/
Commissioners Daysog, Gilmore, Kerr,
Matarrese and Mayor /Chair Johnson - 5.
Absent: None.
MINUTES
(03- 440CC /03- 03APFA /03- 050CIC) Minutes of the Special Joint City
Council, Alameda Public Financing Authority and Community
Improvement Commission Meeting of September 16, 2003.
Councilmember /Authority Member /Commissioner Matarrese moved
approval of the minutes.
Councilmember /Authority Member /Commissioner Gilmore seconded the
motion, which carried by unanimous voice vote - 5.
AGENDA ITEM
(03- 440A -CC) Resolution No. 13634, "Approving the Issuance of Tax
Allocation Refunding Bonds of the Community Improvement Commission
of the City of Alameda and Related Escrow Agreement." Adopted.
(03- 050A -CIC) Resolution No. 03 -116, "Authorizing the Issuance and
Sale of Refunding Bonds Relating to the Business and Waterfront
Improvement Project Area, Approving Amendment to Indenture of
Trust, and Approving Other Related Documents and Actions."
Adopted.
(03- 003A -APFA) Resolution No. 03 -13, "Approving Escrow Agreement
Related to Refunding of 2002 Revenue Bonds, Series A and Series B."
Adopted.
The Finance Director /Treasurer stated the action tonight refunds
bonds issued in March 2002 for the demolition of the existing
structures and construction of the backbone and infrastructure at
the Fleet Industrial Supply Center /East Housing; said bonds were
taxable; said bonds are being refunded and issued as tax - exempt for
an anticipated savings of $900,000 over the life of the bonds.
Mayor /Chair Johnson inquired whether the bonds were competitively
Special Joint Meeting
Alameda City Council, Alameda Public Financing
Authority and Community Improvement Commission
October 7, 2003
bid.
The Finance Director /Treasurer responded the bonds were negotiated;
however, the financing team was selected in 2002 via a Request for
Proposals (RFP) process.
Councilmember /Authority Member /Commissioner Matarrese moved
adoption of the resolutions:
Councilmember /Authority Member /Commissioner Gilmore seconded the
motion, which carried by unanimous voice vote - 5.
ADJOURNMENT
There being no further business, Mayor /Chair Johnson adjourned the
Special Joint Meeting at 7:54 p.m.
Respectfully submitted,
L4-1`
Lara Weisiger, Ci Clerk
Secretary, Alameda Public Financing
Authority and Community Improvement
Commission
The agenda for this meeting was posted in accordance with the Brown
Act.
Special Joint Meeting
Alameda City Council, Alameda Public Financing
Authority and Community Improvement Commission
October 7, 2003