HomeMy WebLinkAbout2013-1001_CCv0001.pdf MINUTES of a regular meeting of the Governing Board of the Redlands Financing Authority
of the City of Redlands adjourned from September 17, 2013 and held in the City
Council Chambers, Civic Center, 35 Cajon Street, at 6:29 P.M. on October 1,
2013
PRESENT Pete Aguilar, Chairman
Paul Foster, Vice Chairman
Jon Harrison, Member
Bob Gardner, Member
Pat Gilbreath, Member
ABSENT None
STAFF N. Enrique Martinez, Executive Director; Daniel J. McHugh, Attorney; Robert
Dawes, Treasurer; Tina Kundig, Controller; and Sam Irwin, Secretary
Chairman Aguilar called the meeting to order as a joint session with the City
Council of the City of Redlands and offered those present the opportunity to
speak on any subject not already scheduled on the agenda and within the
jurisdiction of the Financing Authority.
PUBLIC COMMENT
None forthcoming
CONSENT CALENDAR
Minutes - The minutes of the regular meeting of September 17, 2013, were
approved as submitted on motion of Mr. Foster, seconded by Mr. Gardner.
Resolution No. 2013-10 - Solid Waste Bonds — Controller Tina Kundig provided
background on a proposal to finance the Pavement Accelerated Repair
Implementation Strategy (PARIS) program. Robert Poor, of Fieldman, Rolapp &
Associates, informed the Council the expected fixed interest rate for the bonds
will be between 2.60% to 2.65%. On motion of Mr. Foster, seconded by Mr.
Gardner, the Board unanimously approved Resolution No. 2013-10 authorizing
the issuance, sale and delivery of not-to-exceed $13.5 million Solid Waste
Revenue Bonds Series 2013A.
Resolution No. 7308 — Bond Documentation — On motion of Mayor Pro Tem
Foster, seconded by Councilmember Gardner, the City Council unanimously
approved Resolution No. 7308 approving a solid waste trust agreement, agency
agreement, bond purchase agreement, and the form of a preliminary official
statement and continuing disclosure certificate; and authorizing changes thereto
and execution thereof; and authorizing related actions and execution of related
documents in connection therewith.
ADJOURNMENT
Redlands Financing Authority
October 1, 2013
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The Governing Board's regular meeting of the Redlands Financing Authority was
adjourned at 6:37 P.M. The next regular meeting of the Board will be held on
January 21, 2014.
Redlands Financing Authority
October 1, 2013
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