HomeMy WebLinkAbout1982-03-31HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
MINUTES
Meeting of March 31, 1982
The Regular 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 3:04 p.m. on March 31, 1982.
There were present from the Board:
Houseal Wamhoff Nowlin Teixeira
Absent from the Board:
Sapp
Also attending:
D. W. Kiser, Assistant Secretary
Dan Villella, Financial Operations Administrator
In the absence of President Sapp, the meeting was called to order by Vice
President Wamhoff. Roll Call was taken as recorded above, with Mrs. Houseal
arriving at 3:09 p.m. The January 27, 1982 Minutes were approved as presented.
Motions were made and seconded to approve the December 1981 and January 1982
Treasurer's Reports. The motions carried.
The next item on the agenda was the purchase of bonds. After discussion
by the Directors, Mr. Nowlin made a motion to amend Resolutions 81-1 and 81-2
authorizing Warren Hall, City Treasurer, to purchase bonds, if offered at a
favorable price with calculations based.on present worth of money invested,.
at 75% of the Prime Rate on the day of purchase. The motion was seconded by
Mr. Teixeira and the motion carried.
Mr. Kiser was called upon for the Civic Center Report. He said there was
nothing to report. Mrs. Houseal inquired about the repair of the Civic Center
elevators. Mr. Kiser stated that no repairs have been made to date, but repairs
will be made and with City funds.
Mr. Kiser gave the Central Library Report. He informed the Board that a
contractor has been hired to remodel the art room.
The meeting was adjourned to the next Regular Meeting of May 26, 1982.
Respectfully submitted,
arr .'P6kins,.Recording Secy.
ACCEPTED: