APFA2011/03/29ANAHEIM PUBLIC FINANCING AUTHORITY
ADJOURNED REGULAR MEETING OF
MARCH 22, 2011 HELD ON MARCH 29, 2011
The Anaheim Public Financing Authority adjourned regular meeting was called to order at 5:12
P.M. for a joint public comment session with the Anaheim City Council.
Present: Chairman Tom Tait and Authority Members: Gail Eastman, Lord Galloway, Kris
Murray and Harry Sidhu.
Staff Present: City Manager Tom Wood, City Attorney Cristina Talley, and Secretary Linda
Andal
A copy of the agenda for the meeting of the Anaheim Public Financing Authority was posted on
March 25, 2011 on the kiosk outside City Hall.
ADDITIONS /DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS:
William Fitzgerald, Anaheim Home, opposed AMEA consensus agreement and certain other
Council actions.
Neil Runsvold, resident, addressed his comments regarding the proposed Anaheim NBA team,
remarking that over 20 years ago names of interested ticket purchasers had been prioritized
and he urged that the former list be considered should an NBA team make Anaheim their home.
Mayor Tait suggested City staff meet with the resident regarding his comments.
Todd Ament announced the Anaheim Chamber of Commerce wholeheartedly supported action
to bring an NBA team to Anaheim as it would stimulate the local economy in a number of ways.
It would add to Anaheim's distinction as a world class destination, and do so by attracting a
team without negative impact to the City's general fund.
Peter Agarwal, Anaheim Chamber of Commerce, expressed appreciation of the City's
negotiation skills in attracting an NBA team without obligating the City to any risk or financial
liability. He was in full support of this effort to create jobs and bring additional revenue to the
city.
Charles Ahlers, Anaheim /Orange County Visitors & Convention Bureau, also offered the full
support of his organization in this effort to attract an NBA team to Anaheim. A third sport
franchise, he stated, would have a significant economic value from the salaries associated with
the team to the occupation of more hotel rooms generated through team travel as well as
through premier events which could come to the City. He added the additional media exposure
would strengthen the Anaheim brand making visitors more interested in traveling here.
Kate Klimow, Orange County Business Council, remarked that one of her agency's four major
initiatives was economic development which would foster job creation as well as increase
private investment and Council's actions this evening would put into practice programs that
encouraged investment in the City in a way that protected taxpayers from financial risk and
APFA Adjourned March 22, 2011 Meeting Held on March 29, 2011
Page 2
encouraged private investment to pay for improvements. The Business Council commended
Anaheim in their role as regional leaders.
David Rose, retail businessman, looked forward to another sports franchise in Anaheim and the
resulting economic increase to retail businesses.
Lacey Kelly, Association of California Cities - Orange County, stated her organization's mission
was to protect local control and to promote good government and policy- making among Orange
County's elected officials. Attracting another sports franchise to Anaheim, she remarked, was
good public policy and would create jobs and stimulate the economy at no expense to the
taxpayers.
Joseph Aihara, Western High School teacher, offered his support for an NBA team,
emphasizing this was an opportunity for a community outreach program for student athletes
excited about basketball.
At 5:33 P.M., the Public Financing Authority was recessed and reconvened at 6:07 P.M. to
consider the remaining agenda item.
CONSENT CALENDAR: Council Member Eastman moved to approve the Public Financing
Authority consent calendar as presented, seconded by Authority Member Murray. Roll Call
Vote: Ayes — 5: (Chairman Tait and Authority Members: Eastman, Galloway, Murray and
Sidhu). Noes — 0. Motion Carried.
2. RESOLUTION NO. APFA 2011 -004 A RESOLUTION OF THE ANAHEIM PUBLIC
FINANICNG AUTHORITY authorizing the issuance of taxable lease revenue bonds
13137.1 (Anaheim Arena Financing Project) and providing the terms and conditions for the
issuance of said bonds.; approving specified documents in connection therewith; and
authorizing related documents and certificates and the taking of related actions.
ADJOURNMENT:
There being no further business, Chairman Tait adjourned the meeting of the Anaheim Public
Financing Authority at 6:08 P.M.
Res ectfu ly submitted,
Linda N. Andal, CMC
Secretary, Anaheim Public Financing Authority