FA 2003 09-02
CITY OF POWAY, CALIFORNIA
MINUTES OF THE POWAY PUBLIC FINANCING AUTHORITY
REGULAR MEETING
SEPTEMBER 2, 2003
The September 2, 2003 regular meeting of the poway Public Financing Authority
was called to order at 7:00 p.m., by Chairman Cafagna at the Poway Community
Library - Meeting Room, 13137 poway Road, Poway, California.
DIRECTORS ANSWERING ROLL CALL
Bob Emery, Jay Goldby, Don Higginson, Betty Rexford, Mickey Cafagna
STAFF MEMBERS PRESENT
James Bowersox Executive Director
Warren Shafer Assistant Executive Director
Lori Anne Peoples Secretary
PLEDGE OF ALLEGIANCE
Vice Chairwoman Rexford led the Pledge of Allegiance.
-. PUBLIC ORAL COMMUNICATIONS
Chairman Cafagna explained the procedure for Public Oral Communications.
There was no one present wishing to speak.
ITEM 5 (405-01)
SERIES 2003
TAX ALLOCATION REFUNDING BONns
Staff report by Executive Director Bowersox. This report provides for the City
Council/Poway Redevelopment Agency and Finance Authority consideration of
the proposed Poway Redevelopment Agency Series 2003 Tax Allocation Bonds.
The issuance of the Series 2003 TABs in an amount not-to-exceed $160,000
million, will result in the refunding of the Agency's 1993 TABs, provide for
payments to the Poway Unified School District under a Tax Sharing
arrangement, provide funding for two owners of Owner Participation Agreements
(OPAs) and provide approximately $25 million in bond proceeds for Agency
General Fund Projects.
There was no one present wishing to speak.
Motion by Director Higginson, seconded by Director Emery, to adopt Bond
Resolution No. F-O3-02, entitled, "A Resolution of the Board of Directors of the
poway Public Financing Authority Approving a Purchase Contract in Connection
with the Purchase and Sale of Tax Allocation Bonds for the Poway
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- Redevelopment Agency, paguay Redevelopment Agency Project Series 2003A
and 2003B," and directed staff to proceed with the documentation and execution
of said Bonds. Motion carried unanimously.
ADJOURNMENT
Chairman Cafagna adjourned the meeting at 8:53 p.m. on motion by Director
Emery, seconded by Director Goldby.
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