APFA2008/11/03 ANAHEIM PUBLIC FINANCING AUTHORITY
SPECIAL MEETING OF NOVEMBER 3, 2008
The Anaheim Public Financing Authority met in special session.
Present: Chairman Curt Pringle and Board Members: Lorri Galloway, Bob Hernandez, Lucille
Kring and Harry Sidhu.
Staff Present: David Morgan, City Manager, Jack White, City Attorney, and Secretary, Linda
Andal
A copy of the agenda for the meeting of the Anaheim Public Financing Authority was posted on
October 31, 2008 on the kiosk outside City Hall.
At 5:04 P.M., Chairman Pringle called the special meeting of the Anaheim Public Financing
Authority to order in a joint public comment session with the Anaheim City Council, the
Redevelopment Agency and the Housing Authority.
ADDITIONS /DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS:
No remarks offered during the joint public comment session related to the Anaheim Public
Financing Authority.
CONSENT CALENDAR: At 5:22 P.M., Board Member Hernandez moved to approve the
consent calendar, seconded by Board Member Kring. Roll Call Vote: Ayes — 5: Chairman
Pringle, Board Members: Galloway, Hernandez, Kring and Sidhu. Noes — 0. Motion Carried.
1. Approve minutes of the Public Finance Authority meetings of April 24, 2007 and June
10, 2008.
END OF CONSENT:
2. RESOLUTION NO. APFA 2008 -002, A RESOLUTION OF THE ANAHEIM PUBLIC
FINANCING AUTHORITY authorizing the issuance of not to exceed $55,000,000
B137.1 aggregate principal amount of its lease revenue refunding bonds to prepay certain lease
payments providing the terms and conditions for the issuance of said refunding bonds,
and matters relating thereto (Related to Council Item No. 20).
Bill Sweeney, Finance Director, clarified the Financing Authority's requested action to refund
variable rate 1993 Certificates of Participation with fixed rate bonds was necessary to eliminate
any City risks in the uncertain variable rate market as explained in detail in the accompanying
staff report.
Board Member Sidhu moved to approve RESOLUTION NO. APFA 2008 -002 OF THE
ANAHEIM PUBLIC FINANCING AUTHORITY authorizing the issuance of not to exceed
$55,000,000 aggregate principal amount of its lease revenue refunding bonds to prepay certain
lease payments providing the terms and conditions for the issuance of said refunding bonds,
Anaheim Public Financing Authority
November 3, 2008
Page 2
and matters relating thereto, seconded by Board Member Kring. Roll call vote: Ayes - 5;
Chairman Pringle, Board Members: Galloway, Hernandez, Kring and Sidhu. Noes - 0. Motion
Carried.
ADJOURNMENT:
There being no further business, Chairman Pringle adjourned meeting of the Anaheim Public
Financing Authority at 5:24 P.M.
Res•, y Submi -d,
ell
/ de
Linda N. Andal, CMC
Secretary, Anaheim Public Financing Authority