pages: JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf, 13
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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 Oakland Joint Powers Financing Authority Authorizing The Issuance And Sale Of Lease Revenue Bonds (Oakland Administration Buildings) In An Aggregate Principal Amount Not To Exceed One Hundred Twenty Five Million Dollars ($125,000,000); Authorizing The Execution And Delivery Of A Trust Agreement, Lease, Sublease, Escrow Agreement, Bond Purchase Agreement, Approving The Form Of And Authorizing The Distribution Of A Preliminary Official Statement And Authorizing Execution And Delivery Of An Official Statement; Approving The Retention Of Bond Counsel, Financial Advisor And Underwriters; And Authorizing Payment Of Cost Issuance 07-1113-1 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 Calenar 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 2008-0002 JPFA.pdf Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) The following individual(s) spoke under Open Forum: - Sanjiv Handa Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Special Concurrent Meeting of the Joint Powers Financing Authority and the Finance and Management Committee adjourned the meeting at 4:05 p.m. City of Oakland Page 13 Printed on 4/9/08 | 13 | JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf |