HomeMy WebLinkAbout1981-09-02M
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
MINUTES
Special Meeting of September 2, 1981
The Special. Meeting of the Board of Directors of the Huntington Beach
Public Facilities Corporation was called to order by Vice President Wamhoff
at the Huntington Beach City Corporation Yard,Huntington Beach, California
at 3.05 P.M. on September 2, 1981.
There were present from the Board:
Houseal Wamhoff Nowlin Teixeira
Absent from the Board:
Sapp
Also attending:
D.W. Kiser, Assistant Secretary
Dan Villella, Assistant Director of Finance
In the absence of President Sapp, the meeting was called to order by
Vice President Wamhoff. Roll call was .taken as recorded above.
This special meeting of the Board was called to discuss the possibility
of passing resolutions to authorize Warren Hall, City,Treasurer, to purchase
bonds from the Civic Center First Issue and the Central Library Second Issue
fund monies.
•
After discussion Mr. Nowlin made a motion, and it was seconded by
Mr. Teixeira, to pass two resolutions authoriz tng.the City Treasurer
to purchase bonds during the period from September 2, 1981.through
December 31, 1982 with $150,.000 of Civic Center First Issue fundsurplus
monies and $150,000-of Central Library Second Issue fund surplus monies,to
be offered for sale at a price not to exceed 55% of face value and with
intent to resell to the Corporation. The motion carried, and the two
Resolutions (No. 81-1 and 81-2) were passed and adopted by the Board.
The meeting was then adjourned to the Regular Meeting of September 30,
1981.
ACCEPTED:
J 6r, ry- Sa p, Pres;' d�6t
Respectfully submitted,
la�ry Je ns, Recording Secy.
i
Mary Ell,dn. Houseal, SOcy./Trea§urer