pages: JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf, 11
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JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee | 2008-03-11 | *Special Concurrent Meeting of the Meeting Minutes March 11,2008 Joint Powers Financing Authority and the Finance & Management Committee 2) A Resolution Of The City Council Of The City Of Oakland Approving The Issuance By The Oakland Joint Powers Financing Authority Of Not To Exceed $137,000,000 Aggregate Principle Amount Of Refunding Revenue Bonds In One Or More Series To Refund The Authority's Outstanding Refunding Revenue Bonds, 2005 Series A-1 (Auction Rate Securities) (Tax-Exempt Bonds), 2005 Series A-2 (Auction Rate Securities) (Tax-Exempt Bonds) And 2005 Series B (Auction Rate Securities) (Taxable Bonds); Authorizing Execution And Delivery Of An Amended And Restated Lease; An Amended And Restated Sublease, And Authorizing Execution Of Documents And The Taking Of All Necessary Actions Relating To The Refunding Financing With The Oakland Joint Powers Financing Authority 07-1112-1 A motion was made by Member De La Fuente, seconded by Member Nadel, 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 March 18, 2008 as a Consent Calendar item. The motion carried by the following vote: Votes: Councilmember Aye: Member Brunner, Member Nadel, Member De La Fuente and Chair Quan The Committee directed staff to submit a Supplemental report with the ranges of implications of all the bonds (real dollars). The following individual(s) spoke and did not indicate a position on this item: - Sanjiv Handa The Finance and Management Committee moved, seconded and carried a motion to approve the following urgency finding pursuant to the Sunshine Ordinance Section 2.20.080 E(2) regarding scheduling of this Item: that there is a need to take immediate action which came to the attention of the local body after the agenda was posted, and that the need to take immediate action is required to avoid a substantial adverse impact that would occur if the action were deferred to a subsequent special or regular meeting; A motion was made by Council President Ignacio De La Fuente and seconded by Nancy Nadel: 4 Ayes 81128 CMS.pdf City of Oakland Page 11 Printed on 4/9/08 | 11 | JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf |