14-0916_CC_Minutes_Special Meeting MINUTES
September 16, 2014
SAN JUAN CAPISTRANO CITY COUNCIL
SPECIAL MEETING
Mayor Allevato called the September 16, 2014, Special Meeting of the San Juan
Capistrano City Council to order at 3:37 p.m. in the City Council Chamber.
ROLL CALL:
COUNCIL MEMBERS PRESENT: Roy L. Byrnes, M.D., Derek Reeve, John Taylor,
Mayor pro tem Larry Kramer and Mayor Sam Allevato
COUNCIL MEMBERS ABSENT: None.
ORAL COMMUNICATIONS: None.
DISCUSSION ITEM:
C1. CONSIDERATION OF THE REFUNDING OPPORTUNITIES FOR THE 2002
AND 2004 WATER CERTIFICATES OF PARTICIPATION (WATER SYSTEM
FACILITIES) AND THE SAN JUAN BASIN AUTHORITY LEASE REVENUE
BONDS (GROUNDWATER RECOVERY PROJECT) ISSUE OF 2012 (340.30)
Cindy Russell, Chief Financial Officer/Treasurer, provided a PowerPoint
presentation and responded to questions.
Council Action: Moved by Mayor pro tem Kramer, seconded by Council Member
J
Taylor, and carried 4-1 with Council Member Reeve abstained to authorize
City staff to proceed with a combined refunding of the 2002 and 2004 Water
Certificates of Participation through a competitive private placement financing;
City staff authorized to proceed and work with the San Juan Basin Authority on a
refunding of the San Juan Basin Authority Lease Revenue Bonds (Groundwater
Recovery Project) Issue of 2002 through a competitive private placement
financing, and notify the San Juan Basin Authority of the City's intent to proceed
with the refunding; City Manager authorized to execute a Second Amended and
Restated Agreement for Bond Counsel Services with Orrick, Herrington, and
Sutcliffe, LLP approved as to form by the City Attorney for a revised fixed fee
amount of $180,000; and authorize the City manager to execute an agreement
for placement agent services with the successful bidder based on a Request for
Proposals and approved as to form by the City Attorney.
ROLL CALL:
AYES: COUNCIL MEMBER: Byrnes, Taylor, Kramer and Mayor Allevato
NOES: COUNCIL MEMBER: None
ABSENT: COUNCIL MEMBER: None
ABSTAINED: COUNCIL MEMBER: Reeve
J
9/16/2014
ADJOURNMENT:
Mayor Allevato adjourned the meeting at 4:52 p.m. to September 16, 2014, at 5:00 p.m.
for Closed Session, and 6:00 p.m. for Public Business Session in the City Council
Chamber.
Res ctfu y submitted,
MA , CIJZCLERK
Approved: October 7, 2014
ATTEST
M ACLEVAY0,MOOR
I
2 9/16/2014
NOTICE OF SPECIAL MEETING
SAN JUAN CAPISTRANO
CITY COUNCIL
The City of San Juan Capistrano, California, hereby gives notice that a Special Meeting
of th Ci of San Juan Capistrano City Council will be held on Tuesday, September 16,
201 t :30 p.m. in the City Council Chambers, 32400 Paseo Adelanto, San Juan
Capi California.
Mri ris, City erk
Date: Se ember 11, 2014
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SAN JUAN CAPISTRANO )
I hereby certify that a copy of the Notice of a Special Meeting of the City of San Juan
Capistrano City Council will be held on Tuesday, September 16, 2014, at 3:30 p.m., was
mailed, emailed and/or sent via fax transmittal, or personally delivered not less than
twenty-four hours before the meeting.
Sam Allevato, Mayor
Larry Kramer, Mayor pro tem
Roy L. Byrnes, M.D., Council Member
John Taylor, Council Member
Derek Reeve, Council Member
The Register
Capistrano Valley News
Capistrano Dispatch
San Juan Patch
LosI s Times
I declar d r penal y of perjury that the foregoing is true and correct.
i
M is Mq' r ty er
City at n Ca strano
Date: Septemb r 11, 2014