PIC1989/11/07ANAHEIM PUBLIC IMPROVEMENT CORPORATION
November 7. 1989, 5:28 R.m.
PRESENT: BOARD MEMBERS: Daly, Ehrle, Pickler, Kaywood and Hunter
ABSENT: BOARD_ MEMBERS: None
PRESENT: CITY MANAGER: Bob Simpson
CITY ATTORNEY: Jack White
SECRETARY: Leonora N. Sohl
A complete copy of the agenda for the meeting of the Anaheim Public
Improvement Corporation was posted at 2:45 p.m. on November 3, 1989 at the
Civic Center kiosk, containing all items as shown herein.
President Hunter called the regular meeting of the Anaheim Public Improvement
to order at 6:03 p.m.
MINUTES: Board Member Kaywood moved to approve the minutes of the special
meetings held September 19 and September 26, 1989. Board Member Pickler
seconded the motion. MOTION CARRIED.
186• ARENA ACOUISITION FINANCING PROJECT (TAXABLE): Board Member Pickler
offered Resolution No. APIC89 -7 for adoption, approving, authorizing and
directing execution of certain lease financing documents, and authorizing and
directing certain actions with respect to the Arena Land Acquisition Financing
Project (Taxable). Resolution approves the following documents: Site Lease,
Lease Agreement, Assignment Agreement, and Trust Agreement, as recommended in
report dated October 31, 1989 from the Finance Director. Refer to Resolution
Book.
RESOLUTION NO. APIC89 -7: A RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS, AND AUTHORIZING AND DIRECTING
CERTAIN ACTIONS WITH RESPECT THERETO.
Roll Call Vote:
AYES: BOARD MEMBERS: Daly, Ehrle, Pickler, Kaywood and Hunter
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
The President declared Resolution No. APIC89 -7 duly passed and adopted.
186• CAPITAL IMPROVEMENT FINANCING PROJECT (TAX EXEMPT): Board Member
Pickler offered Resolution No. APIC89 -8 for adoption, approving, authorizing
and directing execution of certain lease financing documents, and authorizing
and directing certain actions with respect to the Capital Improvement
Financing Project (Tax- Exempt). Resolution approves the following documents:
Acquisition Agreement, Lease Agreement, Assignment Agreement, and Trust
Agreement, as recommended in memorandum dated October 31, 1989 from the
Finance Director, George Ferrone. Refer to Resolution Book.
RESOLUTION N0, APIC89 -8: A RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS, AND AUTHORIZING AND DIRECTING
CERTAIN ACTIONS WITH RESPECT THERETO.
89 -12
ANAHEIM PUBLIC IMPROVEMENT CORPORATION
November 7. 1989. 5:28 p.m.
Before a vote was taken, City Attorney White confirmed that the above project
related to improvements in the commercial /recreation area and not to the arena
project as inadvertently listed on the agenda and staff report.
A vote was then taken on the foregoing resolution:
Roll Call Vote:
AYES: BOARD MEMBERS: Daly, Ehrle, Pickler, Kaywood and Hunter
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
The President declared Resolution No. APIC89 -8 duly passed and adopted.
ITEMS OF PUBLIC INTEREST:
No items of public interest were addressed.
ADJOURNMENT: Board Member Hunter moved to adjourn. Board Member Kaywood
seconded the motion. MOTION CARRIED. (6:06 p.m.)
LEONORA N. SOHL, SECRETARY
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