36-24-13Staff requests that the City Council and Alhambra Public Financing Authority Boardapprove agreements with Piper Jaffray & Co. (PJC), Fulbright & Jaworski, LLP (F&J),C.M de Crinis & Co., Inc. (CMdC) and The Bank of New York Mellon Trust Companay,N.A. (BNYM) for professional services related to financing the City’s proposed parkingstructure and other capital improvements including park improvements (Projects). There is no budget appropriation required; the cost of these professional services iscontingent upon successfully funding the Projects and all fees will be paid from the bondproceeds.
City Council and the Alhambra Public Financing AuthorityBoard of Directors, by one motion, take the following actions:1. City Council adopt
Resolution No. R2M13-10
A Resolution of the Alhambra City Council approving financing team members in connection with theissuance of Lease Revenue Bonds, and authorizing the taking of certain actionsin connection therewith
; and,2. Alhambra Public Financing Authority Board of Directors adopt
Resolution No.PFA R2M13-2
A Resolution of the Alhambra Public Financing Authorityapproving financing team members in connection with the issuance of leaserevenue bonds, and authorizing the taking of certain actions in connectiontherewith
; which resolutions shall approve agreements with Piper Jaffray & Co.,Fulbright & Jaworski LLP, C.M de Crinis & Co., Inc. and The Bank of New YorkMellon Trust Company, N.A. for professional services related to the proposedsale and issuance of Lease Revenue Bonds, per their respective proposals; and,3. Direct and authorize the Interim City Manager and Interim Executive Director of the Alhambra Public Financing Authority to take the steps necessary tocommence the financing process consistent with the parameters herein.
3. RESOLUTION: ESTABLISH REGULAR MEETINGS FOR THE ALHAMBRA PUBLICFINANCING AUTHORITY – F93-38, F2M13-31, PFA R2M13-1
Staff requests that the Public Financing Authority Board establish a regular meetingschedule of the Authority, consisting of the second (2nd) and fourth (4th) Monday of every month, held at the same time as the City Council meeting, commencing July 8,2013. If there is no scheduled business to conduct, no agenda for the Authority will beposted and the regular meeting automatically canceled by the terms of the resolution.
Alhambra Public Financing Authority Board adopt
Resolution No. PFA R2M13-1
Resolution of the Board of Directors of the Alhambra Public Financing Authority establishing a regular meeting schedule andproviding for other matters related thereto
CLOSED SESSION & CITY ATTORNEY ANNOUNCEMENT re SAME - F2M13-14
The City Council/PFA Board will move into a closed session pursuant to applicable law,including the Brown Act (Government Code Sec. 54950,
) for the purposes of conferringwith the City’s Real Property Negotiator, and/or conferring with the City Attorney on potential