M-9/14/2004 (2)
CITY OF SANTA MONICA
PARKING AUTHORITY MINUTES
SEPTEMBER 14, 2004
A special meeting of the Santa Monica Parking Authority was called to order by Chair Bloom at
12:30 a.m., on Tuesday, September 14, 2004, at City Council Chambers, 1685 Main Street.
Roll Call:
Present:
Chair Richard Bloom
Chair Pro Tern Kevin McKeown
Authority Member Michael Feinstein
Authority Member Ken Genser
Authority Member Robert T. Holbrook
Authority Member Herb Katz
Authority Member Pam O'Connor
Also Present: Assistant Executive Director Gordon Anderson
Authority Attorney Marsha Jones Moutrie
Authority Clerk Maria M. Stewart
CONVENE/PLEDGE On order of the Chair, the Parking Authority convened at 12:30 a.m., to a
joint meeting with the Redevelopment Agency and the City Council, with
Authority Member Katz absent.
DOWNTOWN GARAGE 8-B: Downtown Parking Garage Acquisition and Retrofit Project,
and related Promissory Note Amendment - recommendation that City
Council adopt Resolution No. 9979 (CCS), the Parking Authority adopt
Resolution No. 488 (RAS), and the Redevelopment Agency adopt
Resolution No. 242 (PAS) entitled: "A RESOLUTION OF THE PARKING
AUTHORITY AUTHORIZING AN AMENDMENT TO THE AMENDED
AND RESTATED SALE AND PERFORMANCE AGREEMENT AND
MODIFICATION TO THE PROMISSORY NOTE," was presented.
There was no one present for public comment
Motion by Chair Pro Tern McKeown. seconded by Authority Member
Holbrook, to adopt Resolution No. 242 (PAS), reading by title only and
waiving further reading thereof. The motion was approved by the following
vote:
AYES:
Authority Members O'Connor, Holbrook, Genser, Feinstein,
Chair Pro Tern McKeown, Chair Bloom
1
September ]4,2004
ADJOURNMENT OF
JOINT MEETING
CIVIC CENTER
PARKING STRUCTURE
NOES:
ABSENT:
None
Authority Member Katz
On order of the Chair, the Special Joint Meeting was adjourned at 12:33
a.m., and the Parking Authority reconvened to ajoint meeting with the City
Council and the Public Financing Authority
8-C: Construction amendment for Civic Center Parking Structure-
recommendation that City Council authorize the City Manager to negotiate
and execute an amendment to design-build Contract No. 8024 (CCS) with
ARB, Inc., establishing a guaranteed maximum price of $27,343,628; City
Council hold a public hearing; adopt Resolution No. 9980 (CCS)
authorizing the execution and delivery of a ground lease, a lease agreement,
an indenture and a continuing disclosure certificate in connection with the
issuance ofthe public financing authority lease revenue bonds, approving
issuance of$52,000,000 in bonds, approving notice of intention to sell,
authorizing distribution of official notice inviting bids and official statement
in connection with the offering and sale of such bonds, approving a
promissory note assignment, and authorizing the execution of necessary
documents and certificates and related actions; and approve the expenditure
appropriations and budget changes proposed. Recommendation that the
Public Financing Authority adopt Resolution No.4 (PFA) authorizing
execution and delivery of documents for the issuance of the Public Financing
Authority Lease Revenue Bonds. Recommendation that the Parking
Authority adopt Resolution 243 (PAS) for the assignment of promissory
note payments from the Parking Authority to the City, was presented.
There was no one present for public comment.
Motion by Authority Member O'Connor. seconded by Authoritv Member
Holbrook, to adopt Resolution No. 243 (PAS) entitled: "A RESOLUTION
OF THE SANTA MONICA PARKING AUTHORITY AUTHORIZING
THE ASSIGNMENT OF PROMISSORY NOTE PAYMENTS FROM
THE PARKING AUTHORITY TO THE CITY OF SANTA MONICA,"
reading by title only and waiving further reading thereof The motion was
approved by the following vote:
AYES:
Authority Members O'Connor, Holbrook Genser. Feinstein,
Chair Pro Tern McKeown, Chair Bloom
None
Authority Member
NOES:
ABSENT:
2
September 14, 2004
ADJOURNMENT
On order of the Chair, the joint meeting was adjourned at 12:40 a.m.
~ ATT~
~.~
Maria M. Stewart \
Authority Clerk
APt?
Ricliard Bloom
Chair
3
September 14, 2004