Title
Minutes of the Special Joint Meeting of the City Council and the Alameda Public Financing Authority Held on May 2, 2017. (City Clerk)
Body
MINUTES OF THE SPECIAL JOINT MEETING OF THE CITY COUNCIL AND
ALAMEDA PUBLIC FINANCING AUTHORITY (APFA)
TUESDAY- -MAY 2, 2017- -6:58 P.M.
Mayor/Chair Spencer convened the meeting at 7:10 p.m. and led the Pledge of Allegiance.
ROLL CALL - Present: Councilmembers/Authority Members Ezzy Ashcraft, Matarrese, Oddie, Vella and Mayor/Chair Spencer - 5.
Absent: None.
ORAL COMMUNICATIONS, NON-AGENDA
None.
CONSENT CALENDAR
Councilmember/Authority Member Ezzy Ashcraft moved approval of the Consent Calendar.
Councilmember/Authority Member Matarrese seconded the motion, which carried by unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk preceding the paragraph number.]
(*17-275 CC/17-01 APFA) SUMMARY: Authorize the City Manager to Negotiate and Execute an Extension of the Letter of Credit Related to Two Types of Revenue Bonds
Recommendation to Authorize the City Manager to Negotiate and Execute an Extension of the Letter of Credit with the Combined Entity, Mitsubishi UFJ Financial Group (MUFG)-Union Bank, N.A., Related to the Current Outstanding $6,800,000 Alameda Public Financing Authority (APFA) Variable Rate Demand Revenue Bonds (Alameda Point Improvement Project), 2003 Series A, and the Current Outstanding $3,400,000 APFA Taxable Variable Rate Demand Revenue Bonds (Alameda Point Improvement Project), 2003 Series B, on Similar Terms and Conditions as the Existing Letter of Credit. Accepted.
ADJOURNMENT
There being no further business, Mayor Spencer adjourned the meeting at 7:11 p.m.
Respectfully submitted,
Lara Weisiger
City Clerk and Secretary, APFA
The agenda for this meeting was posted in accordance with the Sunshine Ordinance.