2017-01-25MINUTES OF THE ENCINITAS PUBLIC FINANCING AUTHORITY
JANUARY 25, 2017, 6:00 P.M., 505 SOUTH VULCAN AVENUE
CALL TO ORDER/ROLL CALL
Chairperson Blakespear called the meeting to order at 6:35 P.M.
Present: Chairperson Catherine S. Blakespear, Vice Chairperson Tony Kranz, Board
Members Tasha Boerner Horvath, Joe Mosca and Mark Muir
Absent: None
Also Present: Executive Director Brust, City Attorney Sabine, Finance Director Nash,
Board Secretary Hollywood, and Deputy Board Secretary Bingham
There being a quorum present, the meeting was in order.
AGENDA ITEMS
1. Consideration of issuing Encinitas Public Financing Authority 2017 Lease
Revenue Refunding Bonds, Series A (Park Project) for the purpose of fully
refunding the 2010 Encinitas Public Financing Authority Lease Revenue
Refunding Bonds, Series A (Park Project). Contact Person: Finance Director
Nash
RECOMMENDED ACTION: That the Board of Directors take the following
actions: 1) Approve all of the attached legal documents as to form, subject only
to any changes to the documents directed by Bond Counsel; and 2) Adopt
Resolution 2017-01, titled: 'RESOLUTION OF THE BOARD OF DIRECTORS
OF THE ENCINITAS PUBLIC FINANCING AUTHORITY AUTHORIZING THE
ISSUANCE OF ITS REFUNDING REVENUE BONDS IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $15,000,000 IN CONNECTION
WITH THE REFINANCING OF THE ACQUISITION OF LAND FOR PUBLIC
PARKS, AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE
OF TRUST AND AN AMENDED AND RESTATED LEASE AGREEMENT,
ESCROW DEPOSIT AND TRUST AGREEMENT AUTHORIZING THE SALE OF
THE BONDS AND AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL
ACTIONS AND EXECUTION OF RELATED DOCUMENTS"
Finance Director Nash presented the staff report.
01/25/17 Spec. Mtg.
ACTION:
Muir moved, Boerner Horvath seconded to: 1) Approve all of the attached
legal documents as to form, subject only to any changes to the documents
directed by Bond Counsel; and 2) Adopt Resolution 2017-01, titled:
"RESOLUTION OF THE BOARD OF DIRECTORS OF THE ENCINITAS
PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF ITS
REFUNDING REVENUE BONDS IN THE AGGREGATE PRINCIPAL AMOUNT
OF NOT TO EXCEED $15,000,000 IN CONNECTION WITH THE
REFINANCING OF THE ACQUISITION OF LAND FOR PUBLIC PARKS,
AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST
AND AN AMENDED AND RESTATED LEASE AGREEMENT, ESCROW
DEPOSIT AND TRUST AGREEMENT AUTHORIZING THE SALE OF THE
BONDS AND AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL
ACTIONS AND EXECUTION OF RELATED DOCUMENTS." Motion carried.
Ayes: Blakespear, Boerner Horvath, Kranz, Mosca, Muir. Nays: None.
ADJOURNMENT
Chairperson Blakespear adjourned the meeting at 6:41 P.M.
NOTE: These minutes have been approved by the current members of the Encinitas
Public Financing Authority at its meeting held on June 23, 2021.
C
Kathy Hollywood, Board Secretary
By: Claudia Bingham
Deputy Board Secretary
01/25/17 Spec. Mtg.
Y�—
Catherine S. Blakespear, Chairperson