2021-06-2306/23/21 Enc. Pub. Fin Auth. Page 1
MINUTES OF THE ENCINITAS PUBLIC FINANCING AUTHORITY
REGULAR MEETING
JUNE 23, 2021, 6:00 P.M., 505 SOUTH VULCAN AVENUE
This meeting was conducted utilizing teleconferencing and electronic means consistent
with State of California Executive Orders.
CALL TO ORDER/ROLL CALL
Chairperson Blakespear called the meeting to order at 6:00 P.M.
Present: Chairperson Catherine S. Blakespear, Vice-Chairperson Tony Kranz,
Board Members Kellie Shay Hinze, Joy Lyndes, and Joe Mosca
Absent: None
Also present: Executive Director Antil, Board Attorney Devaney, Finance Director
McBroome, Board Secretary Hollywood and Deputy Board Secretary
Bingham
There being a quorum present, the meeting was in order.
AGENDA ITEMS
1. Approval of the minutes of the February 13, 2013, October 22, 2014, August 26,
2015, and January 25, 2017 Meetings. Contact Person: Board Secretary Hollywood
Recommended Action: Approve the minutes.
Board Secretary Hollywood announced that because there were unapproved
minutes from prior years, a note has been added stating that the minutes would be
approved by the current board and signed by the current Chairperson.
BOARD ACTION:
Kranz moved, Mosca seconded to approve the minutes. Motion carried. Ayes:
Blakespear, Hinze, Kranz, Lyndes, Mosca. Nays: None.
2. Consideration of issuing the Encinitas Public Financing Authority (EPFA) 2021
Federally Taxable Lease Revenue Bonds Series A (Pacific View School) for the
purpose of refunding the Encinitas Public Financing Authority 2014 Lease Revenue
Bonds (Pacific View School), Series B (Taxable). Contact Person: Finance Director
McBroome
DocuSign Envelope ID: B0C00564-651C-483E-B135-C5BA62595C58
06/23/21 Encinitas Public Financing Authority
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Recommended Action: 1) Approve all the attached legal documents (Attachments
1-6 of the agenda report) as to form, subject only to any changes to the documents
directed by the Bond Counsel; and 2) Adopt Resolution FA-2021-01 entitled:
“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 $10,000,000 in Connection with the Refinancing
of the Acquisition of Land for Public Uses, Authorizing and Directing Execution of
an Indenture of Trust and an Amended and Supplemental 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 McBroome presented an overview of the refinancing of the
Encinitas Public 2014 Bonds and responded to questions from the board.
BOARD ACTION:
Mosca moved, Lyndes seconded to: 1) Approve all the attached legal
documents (Attachments 1-6 of the agenda report) as to form, subject only to
any changes to the documents directed by the Bond Counsel; and 2) Adopt
Resolution FA-2021-01 entitled: “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 $10,000,000 in Connection with the Refinancing of the Acquisition of
Land for Public Uses, Authorizing and Directing Execution of an Indenture of
Trust and an Amended and Supplemental 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, Hinze, Kranz, Lyndes, Mosca.
Nays: None.
ADJOURNMENT
Chair Blakespear adjourned the meeting at 6:11 P.M.
__________________________ __________________________
Kathy Hollywood, Board Secretary Catherine S. Blakespear, Chair
By: Claudia Bingham
Deputy Board Secretary
DocuSign Envelope ID: B0C00564-651C-483E-B135-C5BA62595C58