m20210323_PFA.pdfMarch 23, 2021
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CITY OF SANTA MONICA
PUBLIC FINANCING AUTHORITY MEETING MINUTES
MARCH 23, 2021
A special meeting of the Public Financing Authority was called to order by Chair Himmelrich at
8:30 p.m., on Tuesday, March 23, 2021, via teleconference pursuant to the Governor’s Executive
Order N-29-20 at https://primetime.bluejeans.com/a2m/live-event/rvxhjxyp.
Roll Call: Present: Chair Sue Himmelrich
Chair Pro Tem Kristin McCowan
Agency Member Phil Brock
Agency Member Gleam Davis
Agency Member Oscar De La Torre
Agency Member Kevin McKeown
Agency Member Christine Parra
Also Present: Interim Executive Director Lane Dilg
Interim Agency Attorney George S. Cardona
Agency Secretary Denise Anderson-Warren
CONVENE On order of the Chair, the Public Financing Authority convened to a
special joint meeting with the City Council at 8:30 p.m., with all
members present.
REPORT ON MEETING
COMPENSATION
Pursuant to State law, Secretary Denise Anderson-Warren
announced that members will receive no compensation for meeting
as the Public Finance Authority.
BONDS ISSUANCE 8.C.Adoption of Resolutions Nos. 11328 (CCS) and 16 (PFA)
Authorizing Issuance of Lease Revenue Refunding Bonds
(Parking Structure 6 Project), Series 2021A and Series 2021B,
was presented.
Recommended Action
Staff recommends that the City Council:
1.Adopt the attached Resolution Authorizing Issuance of Lease
Revenue Refunding Bonds (Parking Structure 6 Project),
Series 2021A and Series 2021B (Attachment A), and
approve the related documents required for the Issuance of
Lease Revenue Refunding Bonds (Parking Structure 6
DocuSign Envelope ID: 7646A2CF-985E-4382-9DBC-30918C73573F
March 23, 2021
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Project), Series 2021A and Series 2021B (Attachments D, E,
F, G, H and I).
Staff recommends that the Public Financing Authority:
1. Adopt the attached Resolution Authorizing Issuance of Lease
Revenue Refunding Bonds (Parking Structure 6 Project),
Series 2021A and Series 2021B (Attachment B), and approve
the related documents required for the Issuance of Lease
Revenue Refunding Bonds (Parking Structure 6 Project),
Series 2021A and Series 2021B (Attachments C, D, E, F, G,
H and I).
There was no public comment for this item.
Questions asked and answered of staff included, what collateral did
we provide for parking structure #6.
Motion by Councilmember McKeown, seconded by Councilmember
Davis, that the City Council adopt Resolution No. 11328 (CCS)
authorizing issuance of lease revenue refunding bonds. The motion
was approved by the following vote:
AYES: Councilmembers de la Torre, Brock, McKeown, Davis,
Parra, Mayor Pro Tem McCowan, Mayor Himmelrich
NOES: None
ABSENT: None
Motion by Authority Member McKeown, seconded by Authority
Member de la Torre, that the Public Financing Authority adopt
Resolution No. 16 (PFA) authorizing issuance of lease revenue
refunding bonds. The motion was approved by the following vote:
AYES: Authority Members Parra, Davis, McKeown, Brock, de
la Torre, Chair Pro Tem McCowan, Chair Himmelrich
NOES: None
ABSENT: None
MINUTES 8.D. Minutes for Public Financing Authority meeting, were
presented.
Recommended Action
Staff recommends that the Public Financing Authority approve the
minutes of the October 27, 2020 meeting.
DocuSign Envelope ID: 7646A2CF-985E-4382-9DBC-30918C73573F
March 23, 2021
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Motion by Chair Pro Tem McCowan, seconded by Authority Member
McKeown, to approve the staff recommendation. The motion was
approved by the following vote:
AYES: Authority Members de la Torre, Brock, McKeown,
Davis, Parra, Chair Pro Tem McCowan, Chair
Himmelrich
NOES: None
ABSENT: None
ADJOURNMENT: On order of the Chair, the Public Financing Authority meeting was
adjourned at 8:35 p.m.
ATTEST: APPROVED:
Denise Anderson-Warren Sue Himmelrich
Agency Secretary Chair
DocuSign Envelope ID: 7646A2CF-985E-4382-9DBC-30918C73573F