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THE RECAP REFLECTS A BRIEF SUMMARY OF THE COUNCIL ACTIONS, HOWEVER, IT DOES NOT REFLECT THE OFFICIAL ACTIONS OF THE COUNCIL WHICH WILL BE REFLECTED IN THE OFFICIAL MINUTES. To comply with the Americans with Disabilities Act of 1990, Assistive Listening Devices are available at all Pasadena City Council meetings. Assistive Listening headphones and neck loops can be checked out at the desk of the Sergeant-at-Arms, located inside the City Council Chambers.
Language translation services are available for this meeting
(626) 744-4124 at least 24 hours in advance.
Habrá servicio de interpretación disponible para éstas juntas llamando al
(626) 744-4124 por lo menos con 24 horas de anticipación.
Meetings are broadcast live on cable Channel 55 and rebroadcast daily;
call (626)794-8585 for schedule.
CITY OF PASADENA
NOTICE OF SPECIAL MEETING
OF THE PASADENA PUBLIC FINANCING AUTHORITY
FEBRUARY 9, 2015
NOTICE IS HEREBY GIVEN that a special meeting of the Pasadena Public Financing Authority will be held on February 9, 2015 at 5:00 p.m., City Hall Council Chamber, 100 North Garfield Avenue, Room S249, Pasadena, CA, to conduct the following business:
(1) CALL TO ORDER
EXTENSION OF BANK OF AMERICA LETTER OF CREDIT RELATED TO THE VARIABLE RATE
DEMAND REFUNDING CERTIFICATES OF PARTICIPATION, SERIES 2008A (CONFERENCE
Recommendation: It is
recommended that the City Council and Pasadena Public Financing Authority (PPFA):
(1) Find that the proposed action is not a project subject to the California Environmental Quality Act (CEQA), as defined in Section 21065 of CEQA and Section 15378 of the State CEQA Guidelines and, as such, no environmental document pursuant to CEQA is required for the project; and
(2) Approve the extension of the existing Bank of America Letter of Credit related to the City’s Variable Rate Demand Refunding Certificates of Participation, Series 2008A (COPs) at a 0.34% annual fee for a term of three years, and authorize the Pasadena Public Financing Authority (PPFA) Executive Director/CityManager or the PPFA Treasurer/Director of Finance or any duly authorized designee thereof to execute and deliver an amendment to the Reimbursement Agreement, the Fee Letter, and any and all such other documents, certificates, and agreements necessary or desirable, including if applicable, any amendments to the Remarketing Agreement and the Official Statement relating to the COPs that may be required by the bank or the remarketing agent in connection therewith, in order to effect the extension of the Letter of Credit on substantially the terms set forth in the Summary of Terms and Conditions (Attachment A of the agenda report), with such additions and changes thereto as shall be approved by the officer executing such amendment to the Reimbursement Agreement.
ATTACHMENT A 395k
Bill Bogaard, Chair
Pasadena Public Financing Authority
Note to Public:
An opportunity for public comment will be provided at the time each of the
above items is discussed. Public comment for
this special meeting is limited to the items on this special meeting notice. Please limit comments to 3 minutes per speaker.
I HEREBY CERTIFY that
this notice, in its entirety, was posted on the Internet at
www.cityofpasadena.net/councilagendas and on
the Council Chamber Bulletin Board, Room S249 and the Bulletin Board in the
rotunda area, City Hall, 100 North Garfield Avenue, and a copy was
distributed to Central Library for posting this 5th day of
February, 2015, at 5:30 p.m., and that copies hereof were faxed, emailed or
delivered to each member of the City Council/Pasadena Public Financing
Authority and to each local newspaper of general circulation, radio or
television station requesting notice in writing, all of which recipients are
identified on the distribution list set forth herein below.
City Council/Pasadena Public Financing Authority
City Manager/Executive Director
Public Information Officer
Pasadena Star News
Los Angeles Times