08-0617_SJCPFA_Minutes_Regular Meeting' MINUTES
June 17, 2008
SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY
BOARD OF DIRECTORS
Chairman Soto called the Regular Meeting of the Board of Directors of the San Juan
Capistrano Public Financing Authority to order at 11:56 p.m.
ROLL CALL
BOARD MEMBERS PRESENT: Chairman Joe Soto, Vice Chairman Mark Nielsen,
and Directors Sam Allevato, Tom Hribar, and Dr. Londres Uso present.
BOARD MEMBERS ABSENT: None
STAFF PRESENT: David Adams, Executive Director; Cindy Russell, Treasurer; Meg
Monahan, Secretary; and Eileen White, Recording Secretary.
CONSENT CALENDAR - None
BOARD ACTIONS:
1. RESOLUTION NO. SJPFA 08-06-17-01 ADOPTED APPROVING THE SAN
JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY FISCAL YEAR 2008-
2009 BUDGET. (330.20)
Description: The San Juan Capistrano Public Financing Authority was created in
January 2002 to assist in the financing and refinancing of capital improvements
on behalf of the City of San Juan Capistrano Water Enterprise Fund. Certificates
of Participation were issued in March 2002 and again in September 2004 to
finance certain projects outlined in the City's Updated Domestic Water Master
Plan (DWMP). Staff has prepared a proposed budget reflecting the principal and
interest payments due and related debt administration costs for the coming year
and recommended the Board adopt a resolution approving the San Juan
Capistrano Public Financing Authority Fiscal Year 2008-2009 Budget.
Written Communications: Report dated June 17, 2008, from Cindy Russell,
Treasurer.
Board Action: Moved by Director Allevato, seconded by Director Uso, and
carried unanimously, 5-0, to approve Resolution No. SJPFA 08-06-17-01,
entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN
JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE
FISCAL YEAR 2008/2009 BUDGET AND AUTHORIZING EXPENSES AND
APPROPRIATIONS RELATED THERETO."
06-17-2008
ADJOURNMENT
no further business, Chairman Soto adjourned the meeting at 11:57 p.m. to
ie 16, 2009, at 6:30 p.m. in the City Council Chamber.
submitted,
R. MONAHAN! SEMETARY
Approved: July 15, 2008 J
06-17-2008