1992-03-17 Regular CIC MinutesMINUTES OF THE REGULAR MEETING OF THE
COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA
HELD TUESDAY - - - - - - - - - - - - - MARCH 17, 1992
The meeting convened at 7:35 p.m., with Chairman Withrow presiding.
Reverend Doug Henderson gave the invocation, and Commissioner Lucas
led the Pledge of Allegiance.
ROLL CALL Present: Commissioners Arnerich, Camicia, Lucas, Roth,
and Chairman Withrow - 5.
Absent: None.
MINUTES
Commissioner Camicia moved approval of the Minutes of the Regular
Community Improvement Commission Meeting held February 18, 1992.
Commissioner Arnerich seconded the motion which was carried by
unanimous voice vote - 5.
RESOLUTIONS
92 -94 Resolution No. 92 -58. "Authorizing formation of a Joint
Powers Authority with the City of Alameda." Adopted.
[See 92 -95 for Commission action.]
92 -95 Resolution No. 92 -59. "Authorizing the Borrowing of Funds
from the Alameda Public Financing Authority in the Amount of Not to
Exceed $3,000,000 Relating to the City of Alameda Community
Improvement Commission's West End Community Improvement Project,
Authorizing and Directing Execution of a Related Loan Agreement and
Escrow Agreement, Approving the Sale of Bonds and an Official
Statement, and Authorizing Official Actions." Adopted.
Commissioner Camicia moved adoption of the resolutions. Commissioner
Roth seconded the motion.
Commissioner Arnerich called attention to the fact that the report
states that the Housing Authority Executive Director and the
Assistant City Manager have indicated that Option (2) [that the
bonds can be refunded to maintain the current annual debt service
levels for the remaining life of the bonds to generate approximately
$308,000 in new principal to augment funds now available to the
Housing Authority for their housing programs], is more .
and stated if that is the wish of Council [Commission],hewill
call the vote.
The motion was carried by unanimous voice vote - 5.
March 17, 1992
159
ADJOURNMENT
There being no further business to come before the Commission,
Chairman Withrow adjourned the meeting at 7:30 p.m.
Res•ectfully submitted,
Aee
DIANE B. FELSCH, CMC
Secretary
The agenda for this meeting was posted in advance in accordance with
the Brown Act.
March 17, 1992