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PIC1988/05/2413 ANAHEIM PUBLIC IMPROVEMENT CORPORATION May 24, 1988, 1:28 p.m. PRESENT: BOARD MEMBERS: ABSENT: BOARD MEMBERS: VACANCY: One PRESENT: CITY MANAGER: CITY ATTORNEY: SECRETARY: Le Ehrle, Hunter, Kaywood and Pickler None Bob Simpson Jack White onora N. Sohl A complete copy of the agenda for the special meeting of the Anaheim Public Improvement Corporation was posted at 3:00 p.m. on May 20, 1988 at the Civic Center Kiosk, containing all items as shown herein. President Pickler called the special meeting of the Anaheim Public Improvement Corporation to order at 1:50 p.m. MINUTES: Board Member Pickler moved to approve the minutes of the special meetings held December 15, 1987 and May 10, 1988. Board Member Ehrle seconded the motion. One Vacancy. MOTION CARRIED. 186: REORGANIZATION - ANAHEIM PUBLIC IMPROVEMENT CORPORATION: Election of President and Vice President to serve until the next organizational meeting. (Organizational meetings are held yearly in February. However, there was no business to come before the Corporation in February of this year.) Board Member Kaywood nominated Iry Pickler for the Office of President. Board Member Hunter seconded the motion. There were no further nominations. Board Member Hunter moved a unanimous vote for Mr. Pickler. Board Member Ehrle seconded the motion. One Vacancy. MOTION CARRIED. Board Member Hunter nominated Miriam Kaywood for the Office of Vice- President. Board Member Ehrle seconded the nomination. There were no further nominations. Board Member Hunter moved a unanimous vote for Mrs. Kaywood. Board Member Ehrle seconded the motion. One Vacancy. MOTION CARRIED. CONSENT CALENDAR ITEMS: The following actions were authorized in accordance with the reports and recommendations furnished each Board Member and as listed on the Consent Calendar Agenda. Board Member Pickler offered Resolution No. APIC88 -2 for adoption. Refer to Resolution Book. 1. 124: RESOLUTION NO. APIC88 -2: A RESOLUTION RESCINDING RESOLUTION NO. APIC88 -1 APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO. (Certificates of Participation - Parking Facilities Refinancing Project - not to exceed $60 million.) Such Resolution will, in addition to rescinding previous action: 14 ANAHEIM PUBLIC IMPROVEMENT CORPORATION May 24, 1988, 1:28 p.m. Approve a variable interest rate, and approve the form and authorize the President or Treasurer to execute and the Secretary to attest to the lease agreement, sublease agreement, trust agreement, and assignment agreement, and authorize the President, the Treasurer and the Secretary to execute such other documents as may be necessary and appropriate in connection with such financing. Roll Call Vote: AYES: BOARD MEMBERS: Ehrle, Hunter, Kaywood and Pickler NOES: BOARD MEMBERS: None ABSENT: BOARD MEMBERS: None VACANCY: One President Pickler declared Resolution No. APIC88 -2 duly passed and adopted. End of Consent Calendar. MOTION CARRIED. ITEMS OF PUBLIC INTEREST: No items of public interest were addressed. ADJOU RNMENT: Board Member Pickler moved to adjourn. Board Member Kaywood seconded the motion. One Vacancy. MOTION CARRIED. (1:53 p.m.) LEONORA N. SOHL, SECRETARY 88 -1