07-0619_SJCPFA_Minutes_Regular MeetingMINUTES
JUNE 19, 2007
SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY
BOARD OF DIRECTORS
Chairman Allevato called the Regular Meeting of the Board of Directors of the San Juan
Capistrano Public Financing Authority to order at 10:52 p.m.
ROLL CALL
BOARD MEMBERS PRESENT: Chairman Sam Ailevato, Vice Chairman Joe Soto,
and Directors Mark Nielsen, 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 07-06-19-01 ADOPTED APPROVING THE SAN
JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY FISCAL YEAR 2007-
2008 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); and it is anticipated the last series of debt in support of the DWMP
will be issued in the coming fiscal year. Staff has prepared a proposed budget
reflecting the principal and interest payments due and related debt administration
costs for the coming year. Staff recommended the Board adopt a resolution
approving the San Juan Capistrano Public Financing Authority Fiscal Year
2007/2008 Budget.
Written Communications: Report dated June 19, 2007, by Cindy Russell,
Treasurer.
Presentation: Cindy Russell, Treasurer, reviewed the staff recommendation.
Board Action: Moved by Director Hribar, seconded by Director Nielsen, and
carried unanimously, 5-0, to approve Resolution No. SJPFA 07-06-19-01,
entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN
6-19-2007
JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE
FISCAL YEAR 2007/2008 BUDGET AND AUTHORIZING EXPENSES AND
APPROPRIATIONS RELATED THERETO."
ADJOURNMENT
There being no further business, Chairman Allevato adjourned the meeting at 10:55
p.m. to Tuesday, June 17, 2008, at 7:00 p.m. in the City Council Chamber.
Respectfully subm' e V
R. MONAHAN, SECRETARY
Approved: August 7, 2007
ATTEST:
CH IRMAN SAM ALLEVATO
2 6-19-2007