HomeMy WebLinkAboutPCDC Minutes 10/24/1988MINUTES
PETALUMA,COMMUNITY DEVELOPMENT COMMISSION
Monday, October 24, 1988
ROLL CALL: 3:00 p.m.
PRESENT: Commissioners Cavanagh, Tencer, Woolsey, Vice Mayor Davis
ABSENT: Sobel, Balshaw, Chairman Hilligoss
RESO.88-15
ISSUE TAX ALLOCATION NOTES $4,195,000
Resolution 88-15 of the Petaluma Community Development Commission
authorizing the issuance of an aggregate principal amount not to exceed
$4,195,000 of tax allocation notes of said agency to finance a portion of the
cost of a redevelopment project known as Petaluma Community
Development Project. The Commission had previously discussed and
approved the issuance of tax allocation notes for the proposed Auto Plaza.
The resolutions adopted at this meeting conclude the Commissions required
actions for the financing process. The resolution was introduced by
Commissioner Cavanagh, and seconded by Commissioner Woolsey.
AYES: Cavanagh, Tencer, Woolsey, Vice Chairman Davis,
NOES: None
ABSENT: Sobel, Balshaw, Chairman Hilligoss
RESO.88-16
AMEND RES0.88-15
APPROVE AGREEMENTS
Resolution 88-16 of the Petaluma Community Development Commission
authorizing certain amendments to the resolution of issuance and authorizing
the execution, delivery and approval as to form of certain agreements in
connection therewith including approval of Resolution of Issuance and
certain amendments; appoints Mumcicorp of California as the Underwriter;
appoints Bank of America NTSA as Trustee; authorizes certain Commission
officers to execute Purchase Contract and other documents in connection
with the transaction; details the Revolving Fund and loan payment;
authorizes fund transfers, approves Preliminary Official Statement,
authorizes payment of costs of issuance and ratifies all prior actions in
connection with this project. Introduced by Lynn Woolsey, seconded by Vice
Chairman Davis.
AYES: Cavanagh, Tencer, Woolsey, Vice Chairman Davis,
NOES: None
ABSENT: Sobel, Balshaw, Chairman Hilligoss
October 24, 1988 1
The meeting was adjourned at 3:15 p.m.
M' c i'ael Davis/, /Vice Chairman
ATTEST:
J��Ailcia E.,Bernard, Recording Secretary
October 24, 1988 2