11-02-2010 - Regular City Council Minutes of September 21, 2010 - pfa 09-07-10 (2).docM I N U T E S
SPECIAL MEETING OF THE
WEST COVINA PUBLIC FINANCING AUTHORITY
September 7, 2010
Chairman Sanderson called to order the regular meeting of the Community Development Commission at 9:00 p.m. in the City Hall Council Chambers, 1444 W. Garvey Avenue, West Covina.
ROLL CALL Chairman Sanderson
Boardmembers Hernández, Lane, Touhey
Absent: Vice Chairman Herfert
Oral Communications addressed to the Community Development Commission are heard under Oral Communications on the City Council agenda, except Public Hearing comments.
CONSENT CALENDAR
I-A Letter of Credit Substitution for the West Covina Public Financing Authority Taxable Variable Rate Demand Allocation Bonds, Series 1999
Recommendation is that the Public Financing Authority adopt the following resolution:
Resolution No. 20 RESOLUTION NO: 20 – A RESOLUTION OF THE WEST COVINA PUBLIC FINANCING AUTHORITY AUTHORIZING THE EXECUTION AND DELIVERY BY THE COMMISSION OF A REMARKETING AGREEMENT,
AUTHORIZING THE DISTRIBUTION OF A REMARKETING MEMORANDUM AND THE TAKING OF OTHER CERTAIN ACTIONS IN CONNECTION THEREWITH
CONSENT CALENDAR ACTION Motion by Hernández and seconded by Touhey to approve the Consent Calendar as recommended. Motion carried 4-0.
ADJOURNMENT Motion by Hernández and seconded by Lane to adjourn the meeting at 9:01 p.m. Motion carried 4-0.
Submitted by:
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Assistant Authority Secretary Susan Rush
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Chairman Shelley Sanderson