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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.        

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Assistive Listening headphones and neck loops can be checked out at the desk of the Sergeant-at-Arms, located inside the City Council Chambers. 

                                                                                                    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 

(2)      JOINT ACTION: EXTENSION OF BANK OF AMERICA LETTER OF CREDIT RELATED TO THE VARIABLE RATE DEMAND REFUNDING CERTIFICATES OF PARTICIPATION, SERIES 2008A (CONFERENCE CENTER PROJECT)          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. 

169k

ATTACHMENT A 395k

(3)      ADJOURNMENT
 

_______________________________________
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 5^th 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.
 


                                                                  _______________________
                                                                  Mark Jomsky
                                                                  Secretary

DISTRIBUTION:

 

City Council/Pasadena Public Financing Authority

City Manager/Executive Director

City Attorney

Public Information Officer

Central Library

Neighborhood Connections

Pasadena Star News

Pasadena Weekly

La Opinion

Pasadena Journal

Los Angeles Times

Pasadena Now