1999-01-05 APFA minutesM
Chair Appezzato convened the Special Meeting at 7:43 p.m.
ROLL CALL Present: Board Members Daysog, DeWitt, Johnson,
and Chair Appezzato - 4.
Absent: Board Member Kerr - 1.
None.
(99-01) Minutes of the Annual Alameda Public Financing Authority
Meeting of March 17, 1998. Approved.
Board Member DeWitt moved approval of the Minutes.
Board Member Daysog seconded the motion, which carried by the
following voice vote: Ayes: Board Members Daysog, DeWitt, and Chair
Appezzato - 3. Abstentions: Board Member Johnson - 1. Absent:
Board Member Kerr - 1.
(99-02) Resolution No. 99-6, "Authorizing the Issuance and Sale
of Revenue Bonds in the Aggregate Principal Amount of Not to Exceed
$39,000,000 for the Purpose of Refinancing 1997 Revenue Bonds
(Marina Village Assessment District Bond Refinancing), and
Approving Related Documents and Actions." Adopted.
Board Member DeWitt requested Executive Director Flint to explain
what refinancing means in terms of dollars per year, to which the
Executive Director responded the City will save approximately
$100,000 to $110,000 in debt service annually.
Board Member DeWitt moved adoption of the Resolution.
Board Member Johnson seconded the motion, which carried by
unanimous voice vote - 4. Absent: Board Member Kerr - 1.
Special Meeting
Alameda Public Financing Authority
January 5, 1999
ORAL COMMUNICATIONS, NON-AGENDA
None.
ADJOURNMENT
There being no further business before the Authority, Chair
Appezzato adjourned the Special Meeting at 7:46 p.m.
Respectfully submitted,
Diane B. Felsch, CMC
Secretary, Alameda Public Financing
Authority
The agenda for this meeting was posted in accordance with the Brown
Act.
Special Meeting
Alameda Public Financing Authority
January 5, 1999