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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 25 Page 2 - POWAY PUBLIC FINANCING AUTHORITY - September 2,2003 - 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. - - 26