HomeMy WebLinkAboutMINUTES - 09282010 - D.2RECOMMENDATION(S):
ADOPT, as the Governing Board of the County of Contra Costa Public Financing
Authority, Resolution No. 2010/504, establishing regular meetings of the Contra Costa
Public Financing Authority and designating October 12, 2010 as a regular meeting date of
the Board of Directors of the Authority.
FISCAL IMPACT:
This action is administrative and has no specific fiscal impact.
BACKGROUND:
The County of Contra Costa Public Financing Authority is a joint powers authority formed
pursuant to Section 6500 et seq. of the California Government Code and under a joint
exercise of powers agreement dated as of April 7, 1992 between the County of Contra Costa
and the Contra Costa County Redevelopment Agency
Recent changes to State law governing Joint Power Authorities (JPAs) such as the County
of Contra Costa Public Financing Authority (CCCPFA) require that the CCCPFA hold
regular meetings. The
APPROVE OTHER
RECOMMENDATION OF CNTY
ADMINISTRATOR
RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 09/28/2010 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Gayle B. Uilkema, District II Supervisor
Mary N. Piepho, District III Supervisor
Susan A. Bonilla, District IV Supervisor
Federal D. Glover, District V Supervisor
Contact: Lisa Driscoll, County
Finance Director 925-335-1023
I hereby certify that this is a true and correct copy of an action taken and entered
on the minutes of the Board of Supervisors on the date shown.
ATTESTED: September 28, 2010
David J. Twa, County Administrator and Clerk of the Board
of Supervisors
By: June McHuen, Deputy
cc: Lisa Driscoll, County Finance Director
D. 2
To:Contra Costa County Public Facilities Authority
From:David Twa, County Administrator
Date:September 28, 2010
Contra
Costa
County
Subject:RESOLUTION ESTABLISHING REGULAR MEETING DATES AND AUTHORIZING TAKING
NECESSARY ACTIONS IN CONNECTION WITH THE ISSUANCE OF BONDS
BACKGROUND: (CONT'D)
most efficient way to meet this requirement is to schedule CCCPFA meetings for the
same dates, times, and locations as the regular meetings of the Board of Supervisors of
the County. If there are no agenda items for the CCCPFA on any particular Board of
Supervisor meeting date, staff will cancel the CCCPFA meeting. In a practical sense,
there will rarely be any CCCPFA meetings, which are likely to occur only when bond
financings and related public hearings are necessary.
Additionally, October 12, 2010 is designated as a regular meeting date of the Board of
Directors of the Authority.
CONSEQUENCE OF NEGATIVE ACTION:
Under a recent change in the Joint Powers Authority law, a JPA can only authorize the
issuance of bonds at a "regular" meeting. If regular meetings are not established, issuance
of bonds will be delayed which may negatively affect timely receipt of funds needed for
critical County projects.
CHILDREN'S IMPACT STATEMENT:
None.
ATTACHMENTS
Resolution No. 2010/504
Secretary's Certificate
OHS West:260985984.5
SECRETARY’S CERTIFICATE
The undersigned, Executive Director and Secretary of the Board of Directors of the
County of Contra Costa Public Financing Authority, hereby certifies as follows:
The foregoing is a full, true and correct copy of a resolution duly adopted at a regular
meeting of the Board of Directors of said Authority duly and regularly held at the regular
meeting place thereof on the 28th day of September, 2010, of which meeting all of the members
of said Board of Directors had due notice and at which a majority thereof were present; and at
said meeting said resolution was adopted by the following vote:
AYES:
NOES:
An agenda of said meeting was posted at least 96 hours before said meeting at the County
Administration Building, 651 Pine Street, Martinez, California, a location freely accessible to
members of the public, and a brief general description of said resolution appeared on said
agenda.
The foregoing resolution is a full, true and correct copy of the original resolution adopted
at said meeting; said resolution has not been amended, modified or rescinded since the date of its
adoption; and the same is now in full force and effect.
WITNESS my hand this ____ day of _____________, 2010.
Executive Director and Secretary