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Home My WebLink Aboutcc min 2006/02/14 RDA/PFA MINUTES OF ADJOURNED REGULAR MEETINGS OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY AND A SPECIAL MEETING OF THE PUBLIC FINANCING AUTHORITY OF THE CITY OF CHULA VISTA February 14,2006 6:00 P.M. Adjourned Regular Meetings of the City Council and the Redevelopment Agency and a Special Meeting of the Public Financing Authority of the City ofChula Vista were called to order at 9:44 p.m. in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula Vista, California. ROLL CALL PRESENT: Agency/Authority/Councilmembers Castaneda, Chavez, McCann, Rindone, and Chair/Mayor Padilla ABSENT: Agency/Authority/Councilmembers: None ALSO PRESENT: Executive Director/City Manager Rowlands, Agency/Authority/ City Attorney Moore, City Clerk Bigelow CONSENT CALENDAR (Item 1) 1. CONSIDERATION OF ACCEPTANCE BY THE CITY COUNCIL. REDEVELOPMENT AGENCY AND PUBLIC FINANCING AUTHORITY OF AUDITED FINANCIAL STATEMENTS FOR FISCAL YEAR ENDED JUNE 30, 2005 Pursuant to City Charter Section 1017, an annual audit is perfonned of the City's financial records. Presented for acceptance are the Audited Financial Statements for the fiscal year ended June 30, 2005, as prepared by the independent audit finn of Caporicci & Larson. Both the City's and the Agency's Annual Financial Reports received unqualified opinions from the independent audit finn. (Finance Director) Staff recommendation: Council/Agency/Authority accept the audited financial statements for fiscal year ended June 30, 2005. ACTION: Agency/Authority/Councilmember Rindone moved to accept the audited financial statements for fiscal year ended June 30, 2005. Chair/Mayor Padilla seconded the motion, and it carried 5-0. PUBLIC COMMENTS There were none. PUBLIC HEARING OF THE CITY COUNCIL/PUBLIC FINANCING AUTHORITY 2. CONSIDERATION BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA AND THE CHULA VISTA PUBLIC FINANCING AUTHORITY OF THE EXECUTION, SALE AND DELIVERY OF CERTIFICATES OF PARTICIPATION IN ORDER TO FINANCE CERTAIN PUBLIC CAPITAL IMPROVEMENTS (Continued from February 7, 2006) PUBLIC HEARING (Continued) Adoption of the resolutions approves funding for the second component of the Civic Center Complex renovation (Public Services Building) and interior exhibit improvements in the Nature Center. (Finance Director) Notice of the hearing was given in accordance with legal requirements, and the hearing was held on the date and at the time specified in the notice. ChairlMayor Padilla opened the public hearing. Agency/Authority/Councilmember Rindone stated that he would abstain from voting on Items 2A and 2C, because his residence is within 500 feet of the Civic Center complex. He then recused himself and left the dais at 9:46 p.m. Items 2A and 2C were taken out of order and discussed prior to Items 2C and 2D. Agency/Authority/Councilmember Castaneda expressed the need to update the development fees as soon as possible and to begin discussions with developers. With no members of the public wishing to speak, Chair/Mayor Padilla closed the public hearing. ACTION: Agency/Authority/Councilmember Castaneda offered Council Resolution No. 2006-051 and Public Financing Authority Resolution No. 2006-010, headings read, texts waived: A. RESOLUTION NO. 2006-051, RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING REQUIRED FINDINGS AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS RELATING TO THE SALE AND DELIVERY OF NOT TO EXCEED $20,000,000 2006 CERTIFICATES OF PARTICIPATION, (CIVIC CENTER COMPLEX PROJECT PHASE 2), APPROPRIATING THE NET PROCEEDS THEREOF TO THE CIVIC CENTER COMPLEX PROJECT (GG-200), AND AUTHORIZING REIMBURSEMENT OF UP TO $4,296,950 TO THE PFDIF FUND FROM PROCEEDS OF THE SALE OF THE CERTIFICATES OF PARTICIPATION, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS IN CONNECTION THEREWITH C. PUBLIC FINANCING AUTHORITY RESOLUTION NO. 2006-010, RESOLUTION OF THE PUBLIC FINANCING AUTHORITY OF THE CHULA VISTA PUBLIC FINANCING AUTHORITY APPROVING THE EXECUTION AND DELIVERY OF DOCUMENTS IN CONNECTION WITH THE SALE AND DELIVERY OF THE 2006 CERTIFICATES OF PARTICIPATION (CIVIC CENTER PROJECT - PHASE 2) IN A PRINCIPAL AMOUNT NOT TO EXCEED $20,000,000, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS IN CONNECTION THEREWITH The motion carried 4-0-1, with Agency/Authority/Councilmember Rindone abstaining because his residence is within 500 feet of the Civic Center complex. Page 2 - CouncillRedevelopment Agency/Public Financing Authority Minutes http://www.chulavistaca.gov February 14,2006 PUBLIC HEARING (Continued) Agency/Authority/Councilmember Rindone returned to the dais at 9:59 p.m. ACTION: Agency/Authority/Councilmember McCann offered Council Resolution No. 2006-052, and Public Financing Authority Resolution No. 2006-011, headings read, texts waived: B. RESOLUTION NO. 2006-052, RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING REQUIRED FINDINGS AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS RELATING TO THE SALE AND DELIVERY OF NOT TO EXCEED $2,500,000 2006 CERTIFICATES OF PARTICIPATION (NATURE CENTER PROJECT), APPROPRIATING THE NET PROCEEDS THEREOF TO THE NATURE CENTER PROJECT (GG- 175) AND AUTHORIZING REIMBURSEMENT OF UP TO $1,536,949 TO THE GENERAL FUND FOR MONIES PREVIOUSLY SPENT ON THE PROJECT FROM THE SALE OF THE CERTIFICATES OF PARTICIPATION, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS IN CONNECTION THEREWITH D. PUBLIC FINANCING AUTHORITY RESOLUTION NO. 2006-011, RESOLUTION OF THE CHULA VISTA PUBLIC FINANCING AUTHORITY APPROVING THE EXECUTION AND DELIVERY OF DOCUMENTS IN CONNECTION WITH THE SALE AND DELIVERY OF THE 2006 CERTIFICATES OF PARTICIPATION (NATURE CENTER PROJECT) IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,500,000 AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS IN CONNECTION THEREWITH The motion carried 5-0. OTHER BUSINESS 3. CITY MANAGER/DIRECTOR'S REPORTS There were none. 4. MAYOR/CHAIR'S REPORTS There were none. 5. COUNCIL/AGENCY MEMBER'S COMMENTS There were none. Page 3 - Council/Redevelopment Agency/Public Financing Authority Minutes http://www.chulavistaca.gov February 14,2006 CLOSED SESSION There was none. ADJOURNMENT At 10:00 p.m., Chair/Mayor Padilla adjourned the meeting to the Regular Meeting of February 21, 2006 at 6:00 p.m. in the Council Chambers. ""> ~ 6.-t.. ~'r;,~ Susan Bigelow, MMC, City Clerk Page 4 - Council/Redevelopment AgencylPublic Financing Authority Minutes http://www.chulavistaca.gov February 14,2006