HomeMy WebLinkAbout2015-12-09 e-packet@6:56t,11 �'" 1�
Meeting will be held at:
MUNICIPAL SERVICES BUILDING
COUNCIL CHAMBERS
33 ARROYO DRIVE
6:56 P.M.
NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of the
State of California, the Capital Improvement Financing Authority of the City of South San Francisco
will hold a Special Meeting on Wednesday, the 9th day of December, 2015�, at 6:56 p.m., in the
Municipal Services Building, Council Chambers, 33 Arroyo Drive, South San Francisco, California
94080.
Purpose of the meeting:
1. Call to Order.
2. Roll Call.
3. Public Comments,
4. Motion to approve the Minutes of December 10, 2014.
5. Adjournment.
t\a, art el ', City Jerk
_,
DATE, December 9, 2015
TO: Capital Improvement Financing Authority Members
FROM: Krista Martinelli, City Clerk
SUBJECT: ANNUAL CAPITAL IMPROVEMENT FINANCING AUTHOIUTY MEETING
RL, COMMENDATION
It is recommended that the City Council, acting in the capacity of the Capital Improvement
Financing Authority, approve the minutes from the meeting dated December 10, 2014.
BACKGROUND/DISCUS'S ION
From time to time, cities find it expeditious to form non-profit corporations and/or Joint Powers
Authorities in order to facilitate various public financing arrangements. Under those circumstances,
the City Council acts as a separate body, acting as the Board of Directors for each of those corporate
bodies in the same way it also acts as the Successor Agency to the Redevelopment Agency. On an
annual basis, the City Council, acting as the Board of Directors for each of those corporate bodies is
required to meet and take action. The purpose of this memo is to facilitate the annual meeting of the
Capital Improvement Financing Authority.
This Authority was set Lip as a Joint Powers Authority on September 11, 1991 between the City and
the Redevelopment Agency, Its existence allows the City to enter into more advantageous financing
arrangements than it otherwise could.
FUNDING
There is no fiscal impact from approving staff's recommended action.
CONCLUSION
Annual meetings are required for the Capital Improvement Financing Authority. Minutes from last
year's meeting are attached,
Prepared Y- Approved by:
gist M ne i
z
City Cle -'City Manager
Attachment: Minutes
KM/MF:mQ
Meeting will be held at
MUNICIPAL SERVICES BUILDING
CITY COUNCIL COMMUNITY ROOM
33 ARROYO DRIVE
WEDNESDAY, DECEMBER 10, 2014
6:58 P.M.
Purpose of the meeting:
1. Call to Order. TIME: 10:05 P.M.
nRAFT ,
2. Roll Call. PRESENT: Boardmembers Gupta,
Matsumoto and Normandy,
Vice Chair Addiego and
Chair Garbarino.
ABSENT: None.
3. Public Comments.
None.
4. Motion to approve the minutes of December 11, 2013.
Motion — Boardmember Matsumoto/Second — Boardmember Gupta: to approve the minutes of
December 11, 2013. Unanimously approved by voice vote.
5. Adjournment.
Being no further business, Chair Garbarino adjourned the meeting at 10:06 pm.
Approved by:
City of South San Francisco
, Chair