HomeMy WebLinkAboutDOC000-7_CCv0001.pdf MINUTES of a regular meeting of the Governing Board of the Redlands Financing
Authority of the City of Redlands held in the City Council Chambers, Civic
Street, at 3:22 P.M. on October 5, 2010.
PRESENT Pat Gilbreath, Chairman
Jerry Bean, Vice Chairman
Jon Harrison, Member
Mick Gallagher, Member
Pete Aguilar, Member
ABSENT None
STAFF N. Enrique Martinez, Executive Director; Daniel J. McHugh, Attorney;
Tina Kundig, Controller/Treasurer; and Sam Irwin, Secretary
CONSENT CALENDAR
The minutes of the regular meeting of September 21, 2010, were
unanimously approved as submitted on motion of Mr. Bean, seconded by
Mr. Gallagher.
NEW BUSINESS
Bond Sale - Controller/Treasurer Kundig advised that more time is
required for staff to gather adequate data to present the options
requested by the Board for decisions in the matter of a proposal to
authorize the issuance, sale and delivery of not to exceed $11,000,000
(eleven million dollars) Water Revenue Refunding Bonds, Series 2010A;
and the execution and delivery of a Trust Agreement, a Water Installment
Sale Agreement, an Official Statement, an Escrow Deposit and Trust
Agreement, an Agency Agreement, and a Bond Purchase Agreement and
certain other actions in connection with issuance sale of such bonds; and
to authorize the issuance, sale and delivery of not to exceed $8,000,000
(eight million dollars)Wastewater Revenue Refunding Bonds, Series
2010A; and the execution and delivery of a Trust Agreement, a Water
Installment Sale Agreement, an Official Statement, an Escrow Deposit
and Trust Agreement, an Agency Agreement, and a Bond Purchase
Agreement and certain other actions in connection with issuance sale of
such bonds. The Board agreed to continue discussion on this proposal to
a November 16, 2010 meeting.
PUBLIC COMMENTS
None forthcoming.
Redlands Financing Authority
October 5,2010
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ADJOURNMENT
Pending further business on the continued bond sale discussion, the
Governing Board's meeting of the Redlands Financing Authority
adjourned at 3:23 P.M. This regular meeting will reconvene on November
16, 20'10.
Sam Irwin, S cretary
was
Redlands Financing Authority
October 5,2010
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