Public Financing Authority - 06-18-2002 - Page 001SPECIAL MEETING
OF THE
WEST COVINA PUBLIC FINANCING AUTHORITY
WEST COVINA, CALIFORNIA
Tuesday — 7:00 P.M.
AGENDA
June 18, 2002
Agenda material is available for review before the meeting at the 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: Touhey, Herfert, Miller, Sanderson, Wong
APPROVAL OF MINUTES: Special Meeting of May 7, 2002
I. The Public Financing Authority shall consider the approval of a resolution
authorizing the issuance of Taxable Variable Rate Lease Revenue
Refunding Bonds, 2002 Series A in an amount not to exceed $4,000,000,
Variable Rate Lease Revenue Refunding Bonds, 2002 Series B in an
amount not to exceed $25,000,000, and Variable Rate Lease Revenue
Refunding Bonds, 2002 Series C in an amount not to exceed $4,500,000.
(THIS REPORT IS A COMPANION REPORT TO A CITY COUNCIL REPORT
REFER TO CITY COUNCIL AGENDA ITEM NO. F-3
RECOMMENDATION:
It is recommended that the Public Financing Authority adopt the following resolution:
RESOLUTION NO. . - RESOLUTION OF THE WEST
COVINA PUBLIC FINANCING AUTHORITY APPROVING
THE ISSUANCE OF ITS TAXABLE VARIABLE RATE
LEASE REVENUE REFUNDING BONDS, 2002 SERIES A
(PUBLIC FACILITIES PROJECT) IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $4,000,000,
OF ITS VARIABLE RATE LEASE REVENUE BONDS, 2002
SERIES B (PUBLIC FACILITIES PROJECT) IN THE
AGGREGATE PRINCIPAL AMOUNT OF NOT TO
EXCEED $25,000,000, AND OF ITS VARIABLE RATE
LEASE REVENUE BONDS, 2005 SERIES C (PUBLIC
FACILITIES PROJECT) IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $4,500,000;
AND APPROVING AN INDENTURE, A SITE AND
FACILITY LEASE, A LEASE AGREEMENT, AN
ASSIGNMENT AGREEMENT, A BOND PURCHASE
AGREEMENT (SERIES A AND SERIES B), A BOND
PURCHASE AGREEMENT (SERIES C), A
REMARKETING AGREEMENT, A PRELIMINARY
OFFICIAL STATEMENT, A FINAL OFFICIAL
STATEMENT, AN ESCROW DEPOSIT AND TRUST
AGREEMENT (1997 BONDS), AND AN ESCROW DEPOSIT
AND TRUST AGREEMENT (SERIES A BONDS), IN
CONNECTION THEREWITH, AND AUTHORIZING THE
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0
TAKING OF CERTAIN OTHER ACTIONS IN
CONNECTION THEREWITH
Motion by 2nd by
to waive further reading of the resolution and to
Adopt Disapprove Hold Over
ADJOURNMENT
ACTION: Motion by
To ADJOURN the meeting at
2nd by
P.M.
NOTICE TO PUBLIC
THOSE WISHING TO ADDRESS THE PUBLIC FINANCING AUTHORITY ON
NON -HEARING ITEMS WILL BE HEARD AT THE SAME TIME AS THOSE
ADDRESSING THE CITY COUNCIL UNDER AGENDA COMMUNICATIONS.