Public Financing Authority - 10-02-2001 - Page 0010
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SPECIAL MEETING
OF THE
WEST COVINA PUBLIC FINANCING AUTHORITY
WEST COVINA, CALIFORNIA
Tuesday — 7:00 P.M.
AGENDA
October 2, 2001
Agenda material is available for review before the meeting at the West Covina City
Clerk's Office, Room 317 at City Hall, 1444 Garvey Avenue, West Covina. The
Authority complies with the Americans with Disabilities Act (ADA). If you will need
special assistance at this meeting, the City will try to accommodate you in every
reasonable manner. Please call (626) 814-8433 (voice) or (626) 960-4222 (TTY) from
8:00 a.m. to 5:00 p.m. Monday through Friday for assistance. Please call at least 48
hours prior to the meeting to inform us of your particular needs and to determine if
accommodation is possible. For sign language interpreter services at City meetings,
please call no less than three working days prior to the meeting.
ROLL CALL:
Wong, Touhey, Herfert, Miller, Sanderson
APPROVAL OF MINUTES: Special Meeting of April 3rd, 2001
I. PUBLIC COMMENTS ON ITEMS ON THE AGENDA
II. ISSUANCE OF PROMISSORY NOTES FOR THE PURCHASES OF
PROPERTIES FROM THE VALENCIA HEIGHTS WATER COMPANY
AND MR. VIRGIL BUTLER (Refer To City Council Agenda No. D-2)
The City's Public Financing Authority is being requested to issue
promissory notes to Valencia Heights Water Company ($1,215,000) and
Mr. and Mrs. Virgil Butler ($248,000) to purchase property. The City will
enter into lease/purchase with the City's Public Financing Authority for
these properties.
It is recommended that the Public Financing Authority authorize issuing
promissory notes by adopting the following resolution:
RESOLUTION NO. - A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE WEST COVINA FINANCING AUTHORITY
AUTHORIZING THE PURCHASE AND LEASE OF CERTAIN
PROPERTY AND TAKING CERTAIN OTHER ACTIONS IN
CONNECTION THEREWITH.
Motion by 2nd by _
to waive further reading of the resolution and to
Adopt
ADJOURNMENT
Disapprove Hold Over
ACTION: Motion by
To ADJOURN the meeting at
C: My Documents/Agendas, Staff Reports/Public Financing Authority Agenda
2nd by
P.M.