11-23-1992 - RegularMonday
November 23, 1992
ADJOURNED REGULAR MEETING
WEST COVINA CITY COUNCIL
A G E N D A
5:30 pm
Council Chambers
Agenda material is available in the City Clerk's Office at City.Hall, 1444:W. Garvey
Avenue, West Covina. For sign language interpreter services at Council meetings, please
call 818 814-8433 (voice) or 818 960-4422 (TTY) between 8 am and 5 pm Monday through
Friday. Four working days notice is required.
PLEDGE OF ALLEGIANCE
ROLL CALL Manners, Jennings, Herfert, McFadden, Wong
I 1986 TAX ALLOCATION BONDS ADVANCE REFINANCING
Following a public hearing, the City Council will consider adoption of .
resolutions for the advance refinancing of the Redevelopment Agency's
1986 Tax Allocation Bonds.
The refinancing is proposed to take advantage of currently low interest
rates. The mechanism for the refinancingis to be provided by the West
Covina Public Financing Authority, which will issue revenue bonds to be
used to retire the 1986 Agency's debt. The hearing was opened at the
November 17th Council meeting and continued until this evening.
a) Staff presentation
b) Public comment
c) Close hearing
d) Council discussion
e) Recommendation is to approve the following resolutions:
RESOLUTION NO. - A RESOLUTION OF THE CITY COUNCIL.
OF THE CITY OF WEST COVINA, CALIFORNIA, APPROVING THE
ISSUANCE, SALE AND DELIVERY OF WEST COVINA PUBLIC FINANCING'
AUTHORITY 1992 REVENUE (TAX ALLOCATION) BONDS, BY THE WEST
COVINA PUBLIC FINANCING AUTHORITY
RESOLUTION NO. I - A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF WEST COVINA, CALIFORNIA, APPROVING THE
ISSUANCE OF THE WEST COVINA PUBLIC FINANCING AUTHORITY
1992 REVENUE (TAX ALLOCATION) BONDS, AND THE BORROWING
OF BOND PROCEEDS BY THE REDEVELOPMENT AGENCY OF THE CITY
OF WEST COVINA
Motion by 2nd by
to waive further reading of the resolutions and to
adopt disapprove hold over
I certify that copies of the
Council 1.6anda for the meeting
of -1033_ ---- sere posted in
ascorcEnn faith she 1/87 Brown
Dated:
Office of the CitVierk
- 1 -
CITY COUNCIL AGENDA
II ORAL COMMUNICATIONS
III CLOSED SESSION
Page Two
Closed session will be conducted by the City Council to discuss the
following matters: 1) real property acquisition regarding 1628 and
1731 West San Bernardino Road and 1200 East San Bernardino Road,
pursuant to Government Code Section 54956.8, 2) potential litigation
pursuant to Government Code Section 54956.9.(a), and 3) personnel
matters pursuant to Government Code Section 54957.6(a).
ADJOURNMENT
Motion by
to adjourn the meeting at
2nd by
pm.
2 _