2019-05-07 Special CC-APFA MinutesSpecial Joint Meeting
Alameda City Council and
Alameda Public Financing Authority
May 7, 2019
MINUTES OF THE SPECIAL JOINT MEETING OF THE
CITY COUNCIL AND ALAMEDA PUBLIC FINANCING AUTHORITY (APFA)
TUESDAY- -MAY 7, 2019- -6:59 P.M.
Mayor/Chair Ezzy Ashcraft convened the meeting at 7:02 p.m.
Councilmember/Commissioner Daysog led the Pledge of Allegiance.
ROLL CALL - Present: Councilmembers/Commissioners Daysog, Knox
White, Oddie, Vella and Mayor/Chair Ezzy Ashcraft –
5.
Absent: None.
CONSENT CALENDAR
Councilmember/Commissioner Vella moved approval of the Consent Calendar.
Councilmember/Commissioner Oddie seconded the motion, which carried by
unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk
preceding the paragraph number.]
(*19-01 APFA) Minutes of the Special Alameda Public Financing Authority Meeting
Held on September 4, 2018. Approved.
(*19-254 CC/19-02 APFA) SUMMARY: Authorize the City Manager to Execute an
Extension of the Letter of Credit Related to Two Types of Revenue Bonds for Alameda
Point Improvement Project
Recommendation to Authorize the City Manager to Execute an Extension of the Letter
of Credit with the Combined Entity, Mitsubishi UFJ Financial Group (MUFG) Union
Bank, N.A., Related to the Current Outstanding $6,200,000 Alameda Public Financing
Authority (APFA) Variable Rate Demand Revenue Bonds (Alameda Point Improvement
Project), 2003 Series A, and the Current Outstanding $3,200,000 APFA Taxable
Variable Rate Demand Revenue Bonds (Alameda Point Improvement Project), 2003
Series B, with Updated Terms and Conditions. Accepted.
ADJOURNMENT
There being no further business, Mayor/Chair Ezzy Ashcraft adjourned the meeting at
7:03 p.m.
Respectfully submitted,
Lara Weisiger
City Clerk and Secretary, APFA
The agenda for this meeting was posted in accordance with the Sunsh ine Ordinance.