HomeMy WebLinkAbout1992-12-21. 1�. "le
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CITY OF HUNTINGTON BEACH
2000 MAIN STREET
OFFICE OF THE CITY CLERK
CONNI€ BROCKWAY
CITY CLERK
CALL FOR SPECIAL MEETING
OF
CITY OF HUNTINGTON BEACH
CIVIC IMPROVEMENT CORPORATION
Earle Robitaille, Director
Linda Moulton -Patterson, Director_
Grace Winchell, Director
Jim Silva, Director
Dave Sullivan, Director
Victor Leipzig, Director
CALIFORNIA 92648
You are hereby notified of a Special Meeting of the Huntington
Beach Civic Improvement Corporation on Monday,
December 21, 1992, at 7:00 P.M., in the Huntington Beach City
Council Chambers for the purpose of (1) election of officers
(2) to consider refinancing a long term debt in the form of
Certificates of Participation at the current lower interest
rate by adopting Resolution No. 6456 and Resolution No. 92-1.
Dated: December 15, 1992
Director
ATTEST:
Connie Brockway, Sec tart'
'hereby certify that I received the above notice, "Call for
Meeting of the City of Huntington Beach Civic Improvement
Corporation", prior to 7:00 P.M., on Sunday, December 20, 1992.
(Telephone: 714-536-5227 )
Director --- - --
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1
MINUTES
CIVIC IMPROVEMENT CORPORATION
Council Chamber, Civic Center
Huntington Beach, California
Monday, December 21, 1992
President Winchell called the special meeting of the Huntington Beach Civic Improvement
Corporation to order at 7 p.m.
HUNTINGTON BEACH CIVIC IMPROVEMENT CORPORATION ROLL CALL
PRESENT: Robitaille, Moulton -Patterson, Winchell, Silva, Sullivan, Leipzig
ABSENT: None
The Secretary was directed to read the Call for Special Meeting.
CALL FOR MEETING
OF
CITY OF HUNTINGTON BEACH
CIVIC IMPROVEMENT CORPORATION
Earle Robitaille, Director
Linda Moulton -Patterson, Director
Grace Winchell, Director
,Jim Silva, Director
Dave Sullivan, Director
Victor Leipzig, Director
You are hereby notified that the annual meeting of the Civic Improvement Corporation of
Huntington Beach, California, is called for and will be held in the Council Chamber, Civic Center,
at the hour of 7:00 P.M.; on Monday, December 21, 1992 for the purpose of considering items of
business on the Civic Improvement Corporation agenda as attached and as posted on the Civic
Center bulletin board.
Dated: December 15, 1992
ATTEST:
Isl Connie Brockway
Connie Brockway, Secretary
Isl Grace Winchell
Director
Page 2 - Huntington Beach Civic Improvement Corporation - 12/21/92
I hereby certify that I received the above notice, "Call for. Meeting of the City of Huntington Beach
Civic Improvement Corporation", prior to 7:00 P.M., on Sunday, December 20, 1992.
/s/ Grace Winchell
Director
OFFICERS ELECTED - HUNTINGTON BEACH CIVIC IMPROVEMENT CORPORATION
A motion was made by Silva, seconded by Leipzig, to elect the following officers: Mayor Grace
Winchell - President; Mayor Pro-Tem Linda Moulton -Patterson - Vice -President; City Clerk Connie
Brockway - Secretary. The motion carried by the following roll call vote:
AYES: Robitaille, Moulton -Patterson, Winchell, Silva, Sullivan, Leipzig
NOES: None
ABSENT: None
(City Council/Civic Improvement Corp) REFINANCING OF CITY DEBT - CERTIFICATES OF
PARTICIPATION - RES. NO. 6456 - ADOPTED - RES. NO. 92-1 - ADOPTED (330.50)
The City Clerk presented a communication from Administration regarding refinancing of a long
term debt in the form of Certificates of Participation (COP's) at the current lower interest rate.
The City Clerk presented Resolution No. 6456 - "A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF HUNTINGTON BEACH APPROVING PROCEEDINGS TO REFINANCE 1986 AND
1989 CERTIFICATES OF PARTICIPATION, AUTHORIZING EXECUTION OF RELATED FIRST
AMENDED AND RESTATED LEASE AGREEMENT AND TRUST AGREEMENT, APPROVING
DELIVERY AND SALE OF NOT TO EXCEED $40,000,000 PRINCIPAL AMOUNT OF
REFUNDING CERTIFICATES OF PARTICIPATION AND APPROVING RELATED
AGREEMENTS AND MATTERS." (approving the proceeding to refinance the 1986 and 1989
Certificates of Participation)
The Secretary presented Civic Improvement Corporation Resolution No. 92-1 for Corporation
adoption - "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF HUNTINGTON
BEACH CIVIC IMPROVEMENT CORPORATION APPROVING PROCEEDINGS TO REFINANCE
1986 AND 1989 CERTIFICATES OF PARTICIPATION, AUTHORIZING EXECUTION OF
RELATED FIRST AMENDED AND RESTATED LEASE AGREEMENT ASSIGNMENT
AGREEMENT AND TRUST AGREEMENT APPROVING DELIVERY AND SALE OF NOT TO
EXCEED $40,000,000 PRINCIPAL AMOUNT OF REFUNDING CERTIFICATES OF
PARTICIPATION AND APPROVING RELATED AGREEMENTS AND MATTERS." (approving
the proceedings to refinance the 1986 and 1989 Certificates of Participation)
Bob Franz, Deputy City Administrator/Administrative Services, presented a staff report.
A motion was made by Leipzig, seconded by Sullivan, to adopt Council Resolution No. 6456 and
adopt Civic Improvement Corporation Resolution No. 92-1, and to place the estimated $4 million
of unused COP's from the 1986 and 1989 issues in a Capital Projects Reserve. The motion
carried by the following roil call vote:
AYES: Robitaille, Moulton -Patterson, Winchell, Silva, Sullivan, Leipzig
NOES: None
ABSENT: None
a�
Page 3 - Huntington Beach Civic Improvement Corporation - 12/21/92
ADJOURNMENT - HUNTINGTON BEACH CIVIC IMPROVEMENT CORPORATION MEETING
The Chairman adjourned the special meeting of the Huntington Beach Civic Improvement
Corporation. I
ATTEST:
/s/ Connie Brockway
.Secretary
1
Connie Brockway
Secretary
/s/ Grace H. Winchell
President
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