HomeMy WebLinkAboutPCDC Minutes 12/16/19911 REGULAR MEETING
2 PETALUMA COMMUNITY DEVELOPMENT COMMISSION
3 MONDAY, DECEMBER 16, 1991
4 ROLL CALL: 3:00 u.m.
5 PRESENT: Read, Davis, Chairman Hilligoss, Nelson
6 ABSENT: Cavanagh, Sobel, Vice Chairman Woolsey
7 MINUTES
8 The September 16, 1991, minutes were approved as submitted.
9 The following actions relate to refinancing the 1988 Tax Allocation Bonds.
to RESOLUTIONS 91-06(A) through (D)
it 1992A SERIES TAX ALLOCATION BONDS
12 Resolution 91-06(A) authorizing issuance of bonds and approving the
13 following actions:
14 1. The Executive Director and Financial consultant shall fix a time,
15 within 3 months, for the bond sale of Series 1992A bonds.
16 2. The principal amount of these bonds shall be established by the
17 Executive Director and shall not exceed $5,000,000.
18 3. The publication of the Notice of Intention to Sell bonds is approved.
19 b. The Secretary of the Commission shall publish the
20 Notice of Intention in the Argus -Courier.
21 C. The Secretary shall publish the notice of sale in The
22 Bond Buyer
23 Introduced by Michael Davis, seconded by Bonnie Nelson.
24 AYES: Read, Davis, Mayor Hilligoss, Nelson
25 ABSENT: Cavanagh, Sobel, Vice Mayor Woolsey
26 Resolution 91-06(B) directing sale, approving Official Notice of Sale and
27 Official Statement for Series 1992A bonds.
28 Resolution 91-06(C) appoints Bank of America as Trustee for Series 1992A
29 bonds.
30 Resolution 91-06(D) appoints Orrick Herrington & Sutcliffe as bond counsel.
31 Introduced by Nancy Read, seconded by Bonnie Nelson.
32 AYES: Read, Davis, Mayor Hilligoss, Nelson
33 ABSENT: Cavanagh, Sobel, Vice Mayor Woolsey
34 REFINANCING 1984 CENTRAL BUSINESS DISTRICT BONDS
35 This will be Series 1992B bonds. The matter was continued to a later
36 meeting.
PCDC Meeting Monday, December 16, 1991 Page 1 of 2
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1 ADJOURN
2 The meeting was adjourned at 3:2:
3
4 ATTEST:
5 Patricia E. Bernard
6 Recording Secretary
PCDC Meeting Monday, December 16, 1991 Page 2 of 2