pages: FinanceAndManagementCommittee/2009-05-26.pdf, 7
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FinanceAndManagementCommittee | 2009-05-26 | *Finance & Management Meeting Minutes May 26,2009 Committee 9 Subject: 2009-2010 Tax And Revenue Anticipation Notes From: Finance and Management Agency Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Sale Of The 2009-2010 Tax And Revenue Anticipation Notes, Series A And Series B (Federally Taxable) In An Amount Not To Exceed One Hundred Fifty-Five Million Dollars ($155,000,000); And, Authorizing The Execution And Delivery Of Related Documents And Approving Certain Related Actions; And 09-0435 A motion was made by Member De La Fuente, seconded by Member Kernighan, that this matter be *Approve the Recommendation of Staff, and Forward to the Concurrent Meeting of the Oakland Redevelopment Agency / City Council, due back on June 2, 2009 as a Non-Consent item. The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Chair Quan and Member Nadel The following individual spoke on this item: - Sanjiv Handa View Report.pdf View Supplemental Report.pdf 82064 CMS.pdf 2) An Ordinance Providing For The Borrowing Of Funds For Fiscal Year 2009-2010 In An Amount Not To Exceed $155,000,000 And The Issuance And Sale Of 2009-2010 Tax And Revenue Anticipation Notes, Series A And Series B (Federally Taxable) Therefore And Approving Certain Related Matters 09-0435-1 A motion was made by Member De La Fuente, seconded by Member Kernighan, that this matter be *Approve the Recommendation of Staff, and Forward to the Concurrent Meeting of the Oakland Redevelopment Agency / City Council, due back on June 2, 2009 as a Non-Consent item. The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Chair Quan and Member Nadel The Committee amended the resolution to increase the not to exceed amount from $155,000,000 to $185,000,000 and requested that the City Attorney report back on what the City can do legally to address the issue with CalPERS regarding the Port of Oakland. The following individual spoke on this item: - Sanjiv Handa View Report.pdf 12940 CMS.pdf City of Oakland Page 7 Printed on 7/2/09 | 7 | FinanceAndManagementCommittee/2009-05-26.pdf |