2010-05-12 MINUTES OF THE ENCINITAS PUBLIC FINANCING AUTHORITY
REGULAR MEETING
MAY 12, 2010, 6:00 P.M., 505 SOUTH VULCANA VENUE
CALL TO ORDER/ROLL CALL
Chairman Dalager called the meeting to order at 6:00 P.M.
Present: Chairman Dan Dalager, Chairpersons Teresa Barth, James Bond, Maggie
Houlihan, and Jerome Stocks.
Absent: None.
Also Present: Board Manger Cotton, Board Attorney Sabine, Finance Director Smith, Board
Secretary Cervone, and Deputy Board Secretary Bingham.
There being a quorum present, the meeting was in order.
PLEDGE OF ALLEGIANCE
CLOSING AND ADOPTION OF THE CONSENT CALENDAR
ACTION:
Houlihan moved, Stocks seconded to close and adopt the Consent Calendar. Motion
carried. Ayes: Barth, Bond, Dalager, Houlihan, Stocks. Nays: None.
E1. Approve Minutes of Joint Special Meeting 4- 14 -10. Contact Person: City Clerk
Cervone.
STAFF RECOMMENDATION: Approve Minutes.
REGULAR AGENDA
E2. Consideration of a possible refinancing transaction for the City's 2001 Lease Revenue
Bonds (former Hall Property). Contact Person: Director of Finance Smith.
STAFF RECOMMENDATION: (1) Adopt Resolution 2010 -02; (2) approve
as to form the attached legal documents (Attachments 2 — 8); (3) authorize
the hiring of the Financial Advisor, Bond Counsel, and Disclosure Counsel to
assist the City in the refinancing transaction, under terms and conditions
outlined in professional engagement letters; and (4) authorize the payment of
any non - contingent costs associated with the bond issue from the proceeds of
the new issue.
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05/12/10 EPFA Regular Meeting
Gerald Sodomka addressed Item #E2.
ACTION:
Bond moved, Houlihan seconded to Adopt Resolution 2010 -02; Approve as to form the
attached legal documents (Attachments 2 -8); Authorize the hiring of the Financial Advisor,
Bond Counsel, and Disclosure Counsel to assist the City in the refinancing transaction,
under terms and conditions outlined in professional engagement letters; and Authorize the
payment of any non - contingent costs associated with the bond issue from the proceeds of
the new issue. Motion carried. Ayes: Barth, Bond, Dalager, Houlihan, Stocks. Nays:
None.
ADJOURNMENT
Chairman Dalager adjourned the meeting at 6:24 P.M.
UQ _Nt�kc_L
Deborah Cervone, Board S, retary and Chairman
By: Claudia Bingham, _
Deputy Board Secretary
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