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CITY OF ATASCADERO
ATASCADERO PUBLIC FINANCING
AUTHORITY
(The Public Financing Authority (PFA) is a public corporation empowered to borrow
money and issue bonds. The City of Atascadero formed the PFA in 2004 to assist in
raising capital for essential public projects.)
AGENDA
Tuesday, January 25, 2011
Time: Immediately Following City Council
meeting at 6:00 P.M.
Atascadero City Hall
6907 El Camino Real, Atascadero, California
ROLL CALL: Chairperson O’Malley
Vice Chairperson Kelley
Board Member Clay
Board Member Fonzi
Board Member Sturtevant
APPROVAL OF AGENDA: Roll Call
COMMUNITY FORUM:
BOARD ANNOUNCEMENTS AND REPORTS: (On their own initiative, the
Board Members may make a brief announcement or a brief report on their own
activities. Board Members may ask a question for clarification, make a referral
to staff or take action to have staff place a matter of business on a future
agenda. The Board may take action on items listed on the Agenda.)
A. CONSENT CALENDAR:
1. Board Special Meeting Minutes – July 27, 2010
Board Secretary Recommendation: Board approve the Authority Board
special meeting minutes of July 27, 2010. [Board Secretary]
B. ADJOURNMENT
ITEM NUMBER: PFA – A-1
DATE: 01/25/11
PFA Special Meeting Draft Action Minutes of 072710
Page 1 of 3
CITY OF ATASCADERO
ATASCADERO PUBLIC FINANCING
AUTHORITY
(The Public Financing Authority (PFA) is a public corporation empowered to borrow
money and issue bonds. The City of Atascadero formed the PFA in 2004 to assist in
raising capital for essential public projects.)
DRAFT ACTION MINUTES
Tuesday, July 27, 2010
Time: Immediately following the conclusion of the Community
Redevelopment Agency meeting at 6:00 P.M.
Atascadero City Hall
6907 El Camino Real, Atascadero, California
Chairperson Fonzi called the meeting to order at 6:04 p.m.
ROLL CALL:
Present: Board Members Béraud, O’Malley, Kelley, Vice Chairperson Clay
and Chairperson Fonzi
Others Present: Board Secretary Marcia McClure Torgerson
Staff Present: Executive Director Wade McKinney, Assistant Executive Director
Jim Lewis, Police Commander Steve Gesell, Community
Development Director Warren Frace, Administrative Services
Director Rachelle Rickard, Community Services Director Brady
Cherry, Fire Chief Kurt Stone, and City Attorney Brian Pierik.
APPROVAL OF AGENDA: Roll Call
ITEM NUMBER: PFA – A-1
DATE: 01/25/11
PFA Special Meeting Draft Action Minutes of 072710
Page 2 of 3
City Clerk Marcia Torgerson stated that since the Public Financing Authority Board will
he reviewing a Revenue Bond report, as is the Redevelopment Agency Board and City
Council later this evening, she suggested the Board recess their meeting before hearing
the Revenue Bond report and reconvene when the City Council is scheduled to hear the
item.
MOTION: By Vice Chairperson O’Malley and seconded by Board Member
Béraud to approve the agenda, with the suggested
amendment.
Motion passed 5:0 by a roll-call vote.
COMMUNITY FORUM: None
BOARD ANNOUNCEMENTS AND REPORTS: None
A. CONSENT CALENDAR:
1. Board Special Meeting Minutes – June 22, 2010
Board Secretary Recommendation: Board approve the Authority Board
special meeting minutes of June 22, 2010. [Board Secretary]
MOTION: By Board Member Clay and seconded by Board Member
Béraud to approve the Consent Calendar.
Motion passed 5:0 by a roll-call vote.
B. PUBLIC HEARINGS: None.
C. MANAGEMENT REPORTS:
Chairperson Fonzi recessed the meeting at 6:07 p.m. to reconvene with the City
Council Public Hearing later this evening.
Mayor Fonzi reconvened the meeting at 6:38 p.m.
1. 2010 Series A Lease Revenue Bonds
Fiscal Impact: Costs related to the bond issue are included in the
financing. The City’s General Fund will provide for the repayment of
bonds.
Recommendation: Board adopt the Draft Resolution authorizing the
issuance and sale of lease revenue bonds to finance improvements to the
City of Atascadero’s Historic City Hall and the acquisition and
development of other capital improvements throughout the geographic
ITEM NUMBER: PFA – A-1
DATE: 01/25/11
PFA Special Meeting Draft Action Minutes of 072710
Page 3 of 3
boundaries of the City, approving form and authorizing execution of
related documents and approving official actions. [Treasurer]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board. She introduced Mark Curran of Piper Jaffray who distributed handouts and
explained the Bond process. (Exhibits A & B)
PUBLIC COMMENT:
The following citizens spoke on this item: John Summer, Executive Director of the San
Luis Obispo Visitors and Conference Bureau, David Bentz, Steve Martin, Bruce Bevins,
Len Colamarino, Jim Wilkins, George Schroff, and Chuck Ward.
Chairperson Fonzi closed the Public Comment period.
MOTION: By Board Member Béraud and seconded by Board Member
Kelley to adopt the Draft Resolution authorizing the issuance
and sale of lease revenue bonds to finance improvements to
the City of Atascadero’s Historic City Hall and the acquisition
and development of other capital improvements throughout
the geographic boundaries of the City, approving form and
authorizing execution of related documents and approving
official actions.
Motion passed 5:0 by a roll-call vote. (Resolution No. PFA
2010-002)
D. ADJOURNMENT:
Chairperson Fonzi adjourned the meeting at 8:23 p.m.
MINUTES PREPARED BY:
_____________________________________
Marcia McClure Torgerson, C.M.C.
City Clerk / Board Secretary
Exhibit A – Standard & Poor’s Global Credit Portal for Atascadero Public Financing Authority
Exhibit B – Redevelopment Overview and Agency Update