02-02-1987 - RegularADJOURNED REGULAR MEETING
OF THE WEST COVINA CITY COUNCIL
AND A SPECIAL MEETING OF THE
CIVIC CENTER AUTHORITY BOARD
Monday, February 2, 1987 Management Resource Center
6:30 pm Room 315, City Hall
A G E N D A
Agenda material is available at the City Clerk's Office for review, 1444 W. Garvey
Avenue, Room 318. For sign language interpreter services at Council meetings, please
telephone (818) 814-8433 or (818) 960-4422 (TYY) from 8:00 am to 5:00 pm Monday
through Friday.
PLEDGE OF ALLEGIANCE
CALL TO ORDER OF THE WEST COVINA CITY COUNCIL
Roll call: Tennant, Bacon, Manners, Chappell, Shearer
CALL TO ORDER OF THE CIVIC CENTER AUTHORITY BOARD
Roll call: Fertal, Adams, Mordoff, Nordstrom, Tambe
I APPROVAL OF LEGAL DOCUMENTS AND AWARD OF BID FOR REFUNDING CERTIFICATES
OF PARTICIPATION FOR CIVIC CENTER FACILITIES
This is a proposal to refund existing bonds of the Civic Center Authority
to take advantage of lower interest rates presently available. No new
money is being made available through this proposal.
A. Explanation of legal documents by Andrew Hall of Jones, Hall, Hill
& White, Bond Attorney.
B. Overview of financing structure by William Reynolds and Mark Young
of E.F. Hutton, Bond Consultant.
C. Recommendation to the Civic Center Authority Board is to adopt the
following resolution:
RESOLUTION NO. 43 - A RESOLUTION OF THE LOS ANGELES COUNTY/WEST
COVINA CIVIC CENTER AUTHORITY APPROVING AMENDMENT OF LEASE AGREE-
MENT WITH CITY OF WEST COVINA, APPROVING FORM OF TRUST AGREEMENT
AND ASSIGNMENT AGREEMENT, APPROVING FORM OF OFFICIAL STATEMENT
AND SALE OF NOT TO EXCEED $28,000,000 REFUNDING CERTIFICATES OF
PARTICIPATION, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTION
ACTION: Motion by 2nd by
To waive further reading of the resolution and
To adopt Disapprove Hold Over
D. Recommendation toyPtt��he City Council is to adopt the following resolution:
17
RESOLUTION NO. 1"-9-- A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST COVINA, CALIFORNIA, APPROVING AMENDMENT OF LEASE AGREEMENT
WITH LOS ANGELES COUNTY/WEST COVINA CIVIC CENTER AUTHORITY, APPROVING
FORM OF TRUST AGREEMENT, APPROVING FORM OF OFFICIAL STATEMENT AND
SALE OF NOT TO EXCEED $28,000,000 REFUNDING CERTIFICATES OF PARTICI-
PATION, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTION
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CITY COUNCIL AGENDA
ACTION: Motion by 2nd by
To waive further reading of the resolution and
To adopt Disapprove Hold Over
ADJOURNMENT OF CIVIC CENTER AUTHORITY BOARD
February 2, 1987
Page Two
ACTION: Motion by 2nd by
To adjourn the meeting at pm.
II STUDY SESSION - TRANSPORTATION ZONE
The development of cost effective alternatives to current Rapid
Transit District services has been proposed in the form of the
San Gabriel Valley Transportation Zone, designed to use the ser-
vices of private contractors for subregional transit under the
direction of a Joint Powers Authority. The City Council will be
asked to consider support of the Transportation Zone at a subse-
quent date. Recommendation is to receive and file.
ACTION: Motion by 2nd by
To receive and file.
III ORAL COMMUNICATIONS
ADJOURNMENT OF THE CITY COUNCIL
ACTION: Motion by
2nd by
To adjourn the meeting at
Pm.
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