PIC1990/12/18Anaheim Civic Center, ANAHEIM PUBLIC IMPROVEMENT CORPORATION
December 18, 1990, 5:28 P.M.
PRESENT: BOARD MEMBERS: Simpson, Daly, Pickier, Ehrle, Hunter
ABSENT: BOARD MEMBERS: None
PRESENT; CITY MANAGER: James Ruth
CITY ATTORNEY: Jack White
SECRETARY: Leonora N. Sohl
A complete copy of the agenda for the special meeting of the Anaheim Public
Improvement Corporation was posted at 3:45 p.m. on December 14, 1990 at the
Civic Center kiosk, containing all items as shown herein.
President Hunter called the special meeting of the Anaheim Public Improvement
Corporation to order at 6:14 p.m.
1. 186: CERTIFICATES OF PARTICIPATION - 1990 ARENA FINANCING PROJECT:
Submitted was report December 11, 1990 from the Director of Finance, George
Ferrone, recommending certain actions relating to the subject.
Board Member Hunter offered Resolution Nos. APIC90 -5 and APIC90 -6 for adoption,
the first approving, authorizing and directing execution of a First Amendment
to Site lease and a First Amendment to Lease Agreement relating to the City of
Anaheim's 1989 Arena Land Acquisition Project, and authorizing and directing
certain actions with respect thereto (Certificates of Participation - 1990
Arena Financing Project) and the second approving, authorizing and directing
execution of certain lease financing documents and authorizing and directing
certain actions with respect thereto. Refer to Resolution Book.
RESOLUTION NO. APIC90 -5: A RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF A FIRST AMENDMENT TO SITE LEASE AND A FIRST AMENDMENT TO LEASE
AGREEMENT RELATING TO THE CITY OF ANAHEIM'S 1989 ARENA LAND ACQUISITION
PROJECT, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO.
RESOLUTION NO. APIC90 -6: A RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS AND AUTHORIZING AND DIRECTING
CERTAIN ACTIONS WITH RESPECT THERETO.
Before a vote was taken, Board Member Pickier stated he was going to vote no
since he has long thought going forth with the arena is something that should
not happen. lie does not feel that it is in the best interest of the City. Ile
believes the dollars being spent should be put to other areas of concern. Fie
was in favor of the arena at the outset but in his opinion the situation has
deteriorated where somehow the citizens of Anaheim will lose the benefits it
will bring.
A vote was then taken on the foregoing resolutions.
91 -1
Anaheim Civic Center ANAHEIM PUBLIC IMPROVEMENT CORPORATION
December 18, 1990,5: P.M.
Roll Call Vote:
AYES: BOARD MEMBERS: Simpson, Daly, Ehrle and Hunter.
NOES: BOARD MEMBERS: Pickler
ABSENT: BOARD MEMBERS: None
The President declared Resolution Nos. APIC90 -5 and APIC90 -6 duly passed and
adopted.
ITEMS OF PUBLIC INTEREST:
No items of public interest were addressed.
MINUTES: Approval of the minutes was deferred to the next special meeting.
ADJOURNMENT: Board Member Hunter moved to adjourn. Board Member Ehrle
seconded the motion. MOTION CARRIED. (6:15 p.m.)
LEONORA N. SOHL, SECRETARY
91 -2