HomeMy WebLinkAboutPCDC Minutes 12/03/1984MINUTES OF A MEETING OF THE
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
Monday, December 3, 1984
Roll Call: 7:00 p.m.
Present: Commissioners Battaglia, Tencer, Cavanagh, Balshaw, Chairman
Mattel
Absent: Perry, Vice Chairman Bond
Minutes: The minutes of the September 4, 1984, meeting were approved as
submitted. The minutes of the September 10, 1984, meeting were approved
as amended: amend second sentence under 'Turning Basin' to read... "There
was consensus that we proceed with the study."
RESO. 84-8
TAX ALLOCATION BONDS
Reso. 84-8 authorizing the issuance of $1,075,000 Principal Amount of
Petaluma Central Business District Redevelopment Project Tax Allocation
Bonds Series A. Introduced by Commissioner Battaglia, seconded by
Commissioner Balshaw.
AYES: Battaglia, Tencer, Cavanagh, Balshaw, Chairman Mattei
NOES: None
ABSENT: Perry, Vice Chairman Bond
RESO. 84-9
VALIDATING PROCEEDINGS
Reso. 84-9 authorizing 'Validating Proceedings' for the Tax Allocation
Bonds. State law allows the process of validation to be used on bond
issues. A suit is filed in the Superior Court. If there are no counter claims
( i.e.) objections) then a judgment is issued to validate allocations
pertaining to the, issue. This step makes the issue more attractive to
buyers.
The meeting was adjourned at 7:10 p.m.
ATTEST • F. V. r4attei, hairman
P. E. Bernard, Recording Secretary