Regular Meeting of the Board of The
MINUTES
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Regular Meeting of the Board of the
California Municipal Finance Authority (the “Authority”)
Date: April 26, 2013
Time: 12:00 p.m.
City Hall, 200 S. Anaheim Blvd, 6th Floor, Anaheim, CA 92805
In attendance at the Authority’s meeting were Board Members, Gordon Lee, Deborah Moreno,Justin McCarthy,and Faye Watanabe,comprising a quorum. Deborah Moreno served as chair.The meeting was called to order.
Also attending was John Stoecker, Ben Barker, Mona Dmitrenko and Lee McCormick for Sierra Management Group L.L.C. as financial advisors to the Authority. Ron Lee and Julie Wunderlich of Jones Hall, APLC, attended as counsel to the Authority.
The minutes of the regular meeting of the Board on April 5, 2013, were approved.
There was no public comment.
The Board, by unanimous vote, adopted an initial resolution (resolution 13-36) setting forth the Authority’s official intent to issue revenue bonds, in an aggregate principal amount not to exceed $4,500,000, to finance the Villa Solimar/ Cypress Courts Apartments, and authorizing related actions.
The Board, by unanimous vote, adopted an initial resolution(resolution 13-37) authorizing an application to the California Debt Limit Allocation Committee for the Meadowbrook Apartments in the City of San Diego, California to permit the issuance of qualified residential rental project bonds, in an amount not to exceed $60,000,000, and declaration of official intent to reimburse certain expenditures from proceeds of indebtedness.
The Board, by unanimous vote, adopted a final resolution (resolution 13-38) approving a first supplemental indenture of trust setting forth a new interest rate, and other provisions for Authority revenue bonds previously issued for the benefit of Campbell Hall (Episcopal).
The Board,by unanimous vote, adopteda final resolution(resolution 13-39) authorizing the issuance of refunding revenue bonds in a principal amount not to exceed $7,700,000 to refinance the construction, improvement, renovation and equipping of senior living facilities by Town and Country Manor of the Christian and Missionary Alliance and other matters relating thereto.
The Board, by unanimous vote, adopted an amended and restated resolution (resolution 13-40) authorizing the execution and delivery of a revenue note and subordinate revenue bonds, in an aggregate principal amount not to exceed $10,276,152, related to the financing of the Macarthur Apartments in the City of Oakland, County of Alameda, California, authorizing the execution and delivery of related documents and approving actions in connection therewith.
The Board, by unanimous vote, approvedaresolution (resolution 13-41) authorizing the execution and delivery of a joint exercise of powers agreement by and between the California Municipal Finance Authority and the Castro Valley Sanitary District.
The Board discussed and approved a Silver Sponsorship for the 2013 California Bond Buyer Conference.
The Board discussed and approved membership to the California Council for Affordable Housing.
The Board discussed and approved an agreement with the State Treasurer’s Office regarding pending legislation. The BSA Subcommittee was directed to start a search for an Executive Director. The Board further directed that the Professional Services Retention and Performance Review Policy be updated.
Staff discussed Administrative Issues.
The meeting was adjourned.
MINUTES
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Regular Meeting of the Board of the
California Foundation for Stronger Communities (the “Foundation”)
Date: April 26, 2013
Time: 12:00 p.m.
City Hall, 200 S. Anaheim Blvd, 6th Floor, Anaheim, CA 92805
In attendance at the Foundation’s meeting were Board Members, Gordon Lee, Justin McCarthy, Deborah Moreno and Faye Watanabe, comprising a quorum. Justin McCarthy served as chair for the meeting. The meeting was called to order.
Also attending was John Stoecker, Ben Barker, Mona Dmitrenko and Lee McCormick for Sierra Management Group L.L.C. as financial advisors to the Foundation.Ron Leeand Julie Wunderlichof Jones Hall, APLC, attended as counsel to the Foundation.
There was no public comment.
The minutes of the regular meeting of the Board on April 5, 2013, were approved.
The Board discussed and approved, by unanimous vote, a $10,000 grant to the Clinic by the Bay (Volunteers in Medicine).
The Board discussed and approved, by unanimous vote, a $10,000 grant to Jewish Family Resource Center of the East Bay.
The Board discussed and approved, by unanimous vote, a $10,000 grant to the Lotus Bloom Family Resource Center.
The Board discussed and approved, by unanimous vote, a $7,500 grant to George Mark Children’s House.
The Board discussed and approved, by unanimous vote, a $10,000 grant to The Mustard Seed School.
The meeting was adjourned.
MINUTES
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Regular Meeting of the Board of the
California Foundation for Public Facilities(the “Foundation”)
Date: February 1, 2013
Time: 12:00 p.m.
City Hall, 200 S. Anaheim Blvd, 6th Floor, Anaheim, CA 92805
In attendance at the Foundation’s meeting were Board Members Justin McCarthy, Deborah Moreno and Faye Watanabe, comprising a quorum. Justin McCarthy served as chair. The meeting was called to order.
Also attending was John Stoecker, Ben Barker, Mona Dmitrenko and Lee McCormick for Sierra Management Group L.L.C. as financial advisors to the Authority. Ron Lee of Jones Hall, PLC, attended as counsel to the Foundation.
There was no public comment.
The minutes of the regular meeting of the Board on January 11, 2013, were approved.
The Board discussed and approved the amendment to the Sierra Management Group, LLC Professional Services Agreement.
The meeting was adjourned.
Minutes prepared byMona Dmitrenko 4/26/2013