M-112409 PFACITY OF SANTA MONICA
PUBLIC FINANCING AUTHORITY iIZINUTES
NOVEMBER 24, 2009
A special joint meeting of the Santa Monica City Council and the Public Financing Authority
was called to order by Chair Pro Tem O'Connor at11:30 p .m., on Tuesday, November 24, 2009,
at the City Council Chamber, 1685 Main Street.
Roll Call: Present: Chair Pro Tem Pam O'Connor
Authority Member Richard Bloom
Authority Member Gleam Davis
Authority° Member Robert T. Holbrook
Authority Member Kevin McKeown
Absent: Authority Member Bobby Shriver
Chair Ken Genser
Also Present: Secretary P. Lamont Ewell
Authority Attorney Marsha Moutrie
Authority Clerk Maria M. Stewart
CONVENE On order of the Chair, the Public Financing Authority was
convened to a joint meeting with the City Council at 11:30 p.m.,
with Authority Member Shriver and Chair Genser absent.
PUBLIC SAFETY 8-B: lssuanee of Lease Revenue Bonds, Series 2009 (Public
FACILITY -LEASE Safety Facility Projeet) -recommendation that Council and the
REVENUE BONDS Public Financing Authority: adopt respective Resolution Nos.
10444 (CCS) and 5 (PFAS) entitled: "A RESOLUTION OF THE
CITY OF SANTA MONICA AUTHORIZING THE EXECUTION
AND DELIVERY BY THE CITY OF A SECOND
AMENDMENT TO LEASE AGREEMENT, A SECOND
SUPPLEMENTAL INDENTURE AND A CONTINUING
DISCLOSURE CERTIFICATE IN CONNECTION WITH THE
ISSUANCE OF PUBLIC FINANCING AUTHORITY LEASE
REVENUE REFUN-DING BONDS, SERIES 2009 (PUBLIC
SAFETY FACILITY PROJECT), APPROVING THE ISSUANCE
OF SUCH BONDS IlV AN AGGREGATE PRINCIPAL
AMOUNT OF NOT TO EXCEED $10,000,000, APPROVING A
BOND PURCHASE AGREEMENT FOR SUCH BONDS.
November 24.2009
AUTHORIZING THE DISTRIBUTION OF AN OFFICIAL
STATEMENT IN CONNECTION WITH THE OFFERING AND
SALE OF SUCH BONDS AND AUTHORIZING THE
EXECUTION OF NECESSARY DOCUMENTS t1ND
CERTIFICATES AND RELATED ACTIONS''; and appropriate
funds and adopt proposed budget changes; was presented.
There was na one present for public comment.
Motion by Authority/Councilmember McKeown, seconded by
Authority/Councilmember Davis, to approve staff
recommendation. The motion was approved by the following
vote:
AYES: Authority(Coimcilmembers McKeown, Davis,
Holbrook, Bloom, Vice ChairlMayor Pro Tem
O'Connor
NOES: None
ABSENT: Authority/Councilmember Shriver,
Chair/Mayor Genser
A19JO~J121>'MENT DF On order of the Mayor Pro Tem, the Special Joint Meeting was
SPECIAI. J®YNT adjourned at 11:33 p.m.
MEETING
ATTEST: APPROVED:
'~'~
Maria M. Stewart Pam O'Connor
Authority Clerk Chair Pro Tem
November 24, 2009