2015-08-26MINUTES OF THE ENCINITAS PUBLIC FINANCING A UTHORITY
AUGUST 26, 2015, 6: 00 P.M., 505 SOUTH VULCANAVENUE
CALL TO ORDER/ROLL CALL
Chairperson Gaspar called the meeting to order at 6:47 P.M.
Present: Chairperson Kristin Gaspar, Vice Chairperson Catherine S. Blakespear, Board
Members Tony Kranz, Mark Muir, and Lisa Shaffer.
Absent:None.
Also Present: City Attorney Sabine, Parks and Recreation Director Rudloff, Finance Director Nash,
Board Secretary Hollywood, and Deputy Board Secretary Bingham.
There being a quorum present, the meeting was in order.
AGENDAITEMS
1. Consideration of issuine 2015 Encinitas Public Financine Authority Lease Revenue
Bonds Series A for the purpose of fully refundine the 2006 Encinitas Public Financine
Authority Lease Revenue Bonds Series A (Library Bonds). Contact Person: Finance
Director Nash
RECOMMENDED ACTION: 1) Approve all of the legal documents as to form, subject
only to any changes to the documents directed by Bond Counsel; and 2) Adopt Resolution
2015-01, "RESOLUTION OF THE BOARD OF DIRECTORS OF THE ENCINITAS
PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF REFUNDING
REVENUE BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED
$17,500,000 IN CONNECTION WITH THE REFINANCING OF THE CONSTRUCTION
OF THE PUBLIC LIBRARY, 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."
ACTION:
Shaffer moved, Muir seconded to: 1) approve all of the legal documents as to form;
and 2) adopt Resolution 2015-01, "Resolution of the Board of Directors of the
Encinitas Public Financing Authority Authorizing the Issuance of Refunding Revenue
Bonds in the Aggregate Principal Amount of not to Exceed $17,500,000 in Connection
with the Refinancing of the Construction of the Public Library, 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
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Execution of Related Documents." Motion carried. Ayes: Blakespear, Gaspar, Kranz,
Muir, Shaffer. Nays: None.
ADJOURNMENT
Chairperson Gaspar adjourned the meeting at 6:47 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.
Kathy Hollywood, board Secretary
By: Claudia Bingham
Deputy Board Secretary
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Catherine S. Blakespear, Chairperson