HomeMy WebLinkAbout2016-12-14 e-packet@656Wednesday, December 14, 2016
6:56 PM
City of South San Francisco
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, CA
Municipal Services Building, Council Chambers
33 Arroyo Drive, South San Francisco, CA
Capital Improvement Financing Authority
Special Meeting Agenda
December 14, 2016Capital Improvement Financing
Authority
Special Meeting Agenda
NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of the State of
California, that the Capital Improvement Financing Authority to the City of South San Francisco will
hold a Special Meeting on Wednesday, December 14, 2016, at 6:56 p.m., in the Municipal Services
Building, Council Chambers, 33 Arroyo Drive, South San Francisco, California.
Purpose of the meeting:
Call To Order.
Roll Call.
Public Comments.
Matters for Consideration
Motion to approve the minutes of the Annual Capital Improvement Financing
Authority meeting that took place on December 9, 2015. (Krista Martinelli, City
Clerk)
1.
Adjournment.
Page 2 City of South San Francisco Printed on 12/19/2016
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:16-980 Agenda Date:12/14/2016
Version:1 Item #:1.
Motion to approve the minutes of the Annual Capital Improvement Financing Authority meeting that took
place on December 9, 2015.(Krista Martinelli, City Clerk)
RECOMMENDATION
It is recommended that the City Council approve the minutes of the Annual Capital Improvement
Financing Authority meeting that took place on December 9, 2015.
BACKGROUND/DISCUSSION
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.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 for approval of minutes of one such authority -the
Capital Improvement Financing Authority (Authority).
This Authority was set up as a Joint Powers Authority on September 11,1991 between the City and the former
Redevelopment Agency,which was succeeded by the Successor Agency in 2012.Its existence allows the City
to enter into more advantageous financing arrangements than it otherwise could.
As part of the Authority’s administrative process,the minutes of the previous year’s meeting must be approved
annually.
CONCLUSION
The Authority should hold its annual meeting and approve the minutes of the meeting of December 9, 2015.
Attachment: Minutes of the December 9, 2015 Meeting of the Authority.
City of South San Francisco Printed on 12/8/2016Page 1 of 1
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