HomeMy WebLinkAboutMINUTES - 10111994 - 1.52 1 .52
-AAMN
Contra
TO: BOARD OF SUPERVISORS
` Costa
FROM: Harvey E. Bragdon County r °
Director of Community Development
DATE: October 11, 1994
SUBJECT: Contra Costa County Public Financing Authority Resolution 94/482
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT a resolution of the Board of Directors of the County of Contra Costa Public Financing
Authority approving Amendment 1 to the Trust Agreement dated June 15, 1993.
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Contra Costa County Public Financing Authority was created pursuant to the Marks Roos
Bond Pooling Act. Through the creation of the joint powers authorities, more efficient
financing of public infrastructure can be accomplished. In 1993, the Public Financing
Authority issued its 1993-A bonds. The 1993 Bonds were sold to refund Assessment Bonds
(1993-1 East Bates Ave.; 1993-2 Hidden Pond; 1993-3 San Ramon; 1993-4 Rancho Pariso;
1993-5 Pleasant Hill BART). The recommended action amends the "Permitted Investments"
section of the 1993-A Trust Agreement to allow reserve funds to be invested with the
California Arbitrage Management Program.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
QIP/
RECOMMENDATION OF COUNTY ADMINISTRATOR COMMEND TION OF BOA
COMMITTEE APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Source: Jim Kennedy
646-4208 OCT 1119%
orifi: Community Development ATTESTED
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND COUNTY ADMINISTRATOR
Public Works
via Community Development
Sturgis Ness Brunsell & Assaf
Bank of America BY ,aJ , DEPUTY
JK:Ih
sral&pubfin.bos
RESOLUTION NO. 94/482
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
COUNTY OF CONTRA COSTA PUBLIC FINANCING AUTHORITY
APPROVING AMENDMENT NO. 1 TO THE TRUST AGREEMENT
DATED JUNE 15, 1993
The Board of Directors of the County of Contra Costa Public Financing Authority
resolves:
Amendment No. 1 to that certain Trust Agreement by and among the County of Contra
Costa, the County of Contra Costa Public Financing Authority and Bank of America
National Trust and Savings Association as Trustee, dated June 15, 1993, is hereby
approved. A copy of Amendment No. 1 is attached hereto as Exhibit A and by reference
incorporated herein. The Executive Director or the Assistant Executive Director is
authorized to execute Amendment No. 1 on behalf of the Authority.
PASSED, APPROVED AND ADOPTED this 11th day of pcto h,r , 1994 by the
following vote:
AYES: Supervisors Smith'. Bishop, DeSaulnier, Torlakson and Powers
NOES: None
ABSENT. None
ABSTAIN: None
B
Chair, Countyof Contra ZCosta
Public Financing Authority
ATTEST:
Secretary /J ,
By: l A 0 2