HomeMy WebLinkAboutcc min 2005/06/28 PFA
MINUTES OF AN ADJOURNED REGULAR MEETING OF
THE CITY COUNCIL AND A SPECIAL MEETING
OF THE PUBLIC FINANCING AUTHORITY
OF THE CITY OF CHULA VISTA
June 28, 2005
6:00 p.m.
The Adjourned Regular Meeting of the City Council and the Special Meeting of the Public
Financing Authority of the City of Chula Vista were called to order at 7:44 p.m. in the Council
Chambers, located in the Public Services Building, 276 Fourth Avenue, Chula Vista, California.
ROLL CALL:
PRESENT: Council/Authority Members Castaneda, Davis, McCann, Rindone
and Mayor/Chair Padilla
ABSENT: None
ALSO PRESENT: City Manager/Executive Director Rowlands, City Attorney/
Authority Counsel Moore, City Clerk Bigelow
CONSENT CALENDAR
1. APPROVAL OF MINUTES - June 7, 2005, and June 14,2005
Staff recommendation: Council/Authority approve the minutes.
ACTION: Council/Authority Member Rindone moved to approve the minutes as submitted.
Council/Authority Member Davis seconded the motion, and it carried 5-0.
ORAL COMMUNICATIONS
There were none.
ACTION ITEMS
2. CONSIDERATION OF (1) REFUNDING CERTAIN ASSESSMENT DISTRICT
BONDS; (2) APPROVAL OF CERTAIN REASSESSMENT REPORTS AND
REASSESSMENTS WITHIN CERTAIN REASSESSMENT DISTRICTS (3)
ISSUANCE OF LIMITED OBLIGATION REFUNDING BONDS FOR CERTAIN
REASSESSMENT DISTRICTS AND APPROVING AGREEMENTS AND OTHER
ACTIONS IN CONNECTION THEREWITH; (4) ACTING AS THE LEGISLATIVE
BODY OF CERTAIN COMMUNITY FACILITIES DISTRICTS; AND (5) ISSUING
REFUNDING REVENUE BONDS AND APPROVING AGREEMENTS AND OTHER
ACTIONS IN CONNECTION THEREWITH (Director of Finance/Treasurer; continued
from the meeting of June 7. 2005)
ACTION:
Council/Authority Member Rindone offered the following resolutions for
adoption, headings read, texts waived:
ACTION ITEMS (Continued)
A. RESOLUTION NO. 2005-218, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING AND
DIRECTING COMPLIANCE WITH THE "REFUNDING ACT OF 1984
FOR 1915 IMPROVEMENT ACT BONDS," AS MODIFIED, IN
CONNECTION WITH THE ISSUANCE OF LIMITED OBLIGATION
REFUNDING BONDS FOR THE PURPPOSE OF REFUNDING
CERTAIN ASSESSMENT DISTRICT BONDS
B. RESOLUTION NO. 2005-219, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA, APPROVING THE
REASSESSMENT REPORT AND CONFIRMING REASSESSMENTS
WITHIN REASSESSMENT DISTRICT 2005-1
C. RESOLUTION NO. 2005-220, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE
REASSESSMENT REPORT AND CONFIRMING REASSESSMENTS
WITH REASSESSMENT DISTRICT NO. 2005-2
D. RESOLUTION NO. 2005-221, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA, AUTHORIZING AND
PROVIDING FOR THE ISSUANCE OF LIMITED OBLIGATION
REFUNDING BONDS FOR REASSESSMENT DISTRICT NO. 2005-1,
APPROVING THE FORMS OF BOND INDENTURE, REFUNDING
BONDS PURCHASE AGREEMENT, BOND PURCHASE
AGREEMENT AND ESCROW AGREEMENT AND AUTHORIZING
OTHER ACTIONS IN CONNECTION THEREWITH
E. RESOLUTION NO. 2005-222, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA, AUTHORIZING AND
PROVIDING FOR THE ISSUANCE OF LIMITED OBLIGATION
REFUNDING BONDS FOR REASSESSMENT DISTRICT NO. 2005-2,
APPROVING THE FORMS OF BOND INDENTURE, REFUNDING
BONDS PURCHASE AGREEMENT, BOND PURCHASE
AGREEMENT AND ESCROW AGREEMENT AND AUTHORIZING
OTHER ACTIONS IN CONNECTION THEREWITH
F. RESOLUTION NO. 2005-223, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA, ACTING AS THE
LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO.
97-3 (OTA Y RANCH MCMILLLIN SPA ONE), COMMUNITY
FACILITIES DISTRICT NO. 99-1 (OTAY RANCH SPA ONE-
PORTIONS OF VILLAGE ONE, VILLAGE FIVE AND VILLAGE ONE
WEST), COMMUNITY FACILITIES DISTRICT NO. 2000-1
(SUNBOW II - VILAGES 5 THROUGH 10), AND COMMUNITY
FACILITIES DISTRICT NO. 2001-1 (SAN MIGUEL RANCH),
AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF
SEPARATE SERIES OF SPECIAL TAX REFUNDING BONDS OF
EACH SUCH COMMUNITY FACILITIES DISTRICTS, APPROVING
THE FORMS OF BOND INDENTURES FOR EACH SUCH SERIES OF
SUCH REFUNDING BONDS, A REFUNDING BONDS PURCHASE
AGREEMENT AND ESCROW AGREEMENTS FOR EACH SERIES
OF REFUNDED BONDS, AND AUTHORIZING OTHER ACTIONS IN
CONNECTION THEREWITH
Page 2 CouncillPF A Minutes
06/28/05
ACTION ITEMS (Continued)
G. RESOLUTION NO. PFA-9, RESOLUTION OF THE CHULA VISTA
PUBLIC FINANCING AUTHORITY OF THE CITY OF CHULA
VISTA AUTHORIZING THE ISSUANCE OF REFUNDING REVENUE
BONDS, APPROVING THE FORMS OF AN INDENTURE OF TRUST,
BOND PURCHASE CONTRACT, REFUNDING BONDS PURCHASE
AGREEMENT, PRELIMINARY OFFICIAL STATEMENT AND
CONTINUING DISCLOSURE AGREEMENT AND AUTHORIZING
OTHER ACTIONS IN CONNECTION THEREWITH
The motion carried 5-0.
OTHER BUSINESS
3. CITY MANAGER'S REPORT
There were none.
4. CHAIR REPORTS
There were none.
5. AUTHORITY COMMENTS
There were none.
ADJOURNMENT
At 7:50 p.m. Mayor/Chair Padilla adjourned the meeting until further notice of a Special Meeting
of the Public Financing Authority.
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Susan Bigelow, MMC, City Clerk
Page 3 CouncillPF A Minutes
06/28/05