HomeMy WebLinkAboutMinutes 1984-11-28Chairman Mark N. Addiego
Board Members .'
Emanuele N. Damonte
Ri chard A. Haffey
Gus Nicolopulos
Roberta Cerri Teglia
M I N U T E S O00{J~-~
Industrial Development Authority
Municipal Services Building
November 28, 1984
NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of
the State of California, that the Industrial Development Authority of the City of South
San Francisco will hold a Special Meeting on Wednesday, the 28th day of November, 1984, at
7:30 p.m., in the Municipal Services Building, Community Room, 33 Arroyo Drive, South San
Francisco, California.
Purpose of the meeting:
1. Reorganization of the Industrial Development Authority by the selection of
a new Chairman of the Board.
2. Approval of the Minutes of the Special Meeting of September 26, 1984.
e
Staff Report 11/28/84 recommending adoption of a Resolution supplementing
and amending Resolution No. IDA 3-84, approving and authorizing execution
of a Trust Agreement and a Loan Agreement, amending the sale of bonds, and
authorizing certain actions relating thereto (Mercedes-Benz of North
America, Inc. Project).
A RESOLUTION SUPPLEMENTING AND AMENDING RESOLUTION NO. IDA 3-84, APPROVING
AND AUTHORIZING EXECUTION OF A TRUST AGREEMENT AND A LOAN AGREEMENT,
AWARDING THE SALE OF BONDS, AND AUTHORIZING CERTAIN ACTIONS RELATING
THERETO (MERCEDES-BENZ OF NORTH AMERICA, INC. PROJECT)
Ma . ~ ' go, .~airman of tf,: ~ard
Industrial Development Authority
City of South San Francisco
Dated: November 20, 1984
AGENDA
SPECIAL MEETING
CALL TO ORDER
ROLL CALL
Reorganization of the Industrial
Development Authority by the
selection of a new Chairman of
the Board.
ACTION TAKEN
SPECIAL MEETING
8:15 p.m. Chairman Addiego presiding.
Boardmembers present: Nicolopulos,
Teglia, Damonte,
Haffey and
Addie§o.
Boardmembers absent: None.
M~S Teglia/Damonte - To appoint Richard
A. Haffey as Chairman.
Carried by unanimous voice vote.
11/28/84
Page i
A G E N D A A C T I 0 N T A K E N O000~D
Approval of the minutes of the
Special Heeting of 9/26/84.
Staff Report 11/28/84 recommending
adoption of a Resolution
supplementing and amending Resolution
No. IDA 3-84, approving and author-
izing execution of a Trust
Agreement and a Loan Agreement,
amending the sale of bonds, and
authorizing certain actions
relating thereto (Mercedes-Benz
of North America, Inc. Project).
A RESOLUTION SUPPLEMENTING AND
AMENDING RESOLUTION NO. IDA 3-84,
APPROVING AND AUTHORIZING EXECUTION
OF A TRUST AGREEMENT AND A LOAN
AGREEMENT~ AWARDING THE SALE OF
BONDS, AND AUTHORIZING CERTAIN
ACTIONS RELATING THERETO (MERCEDES-
BENZ OF NORTH AMERICA, INC.
PROJECT)
M/S Damonte/Teglia - To approve the
minutes.
Carried by unanimous voice vote.
City Manager Birkelo asked that before
the Board acted on Item No. 3 he wanted
to add an item.
City Clerk Battaya pointed out that this
was a special meeting with noticed items
and that other than having legal counsel
that says this body may act on something
not on the Agenda, no new items could be
added.
City Manager Birkelo stated that this
item was very directly related to Item
No. 3 and it must have precedence to act
on Item 3 even though it was not specifi-
cally listed on the Agenda. He stated
that he would defer to the legal counsel
if it was a matter of legality.
Jorgen Nielsen, Jones Hall Hill & White,
stated that the matter to which the City
Manager referred was the establishment of
an application fee, in regard to applica-
tions for financing filed with the
authority. He stated that Item No. 1 was
entitled reorganization. He stated that
unless the City Attorney wished to
contradict him, he would suggest that an
organization matter was the establishment
of a fee for the filing of applications.
Chairman Haffey questioned if the Body
acted on the matter, would it be proper.
City Attorney Rogers stated that to
call it a part of the reorganization -
would be stretching it; because that only
involved changing the Chairman. He
stated that if the Body was going to act
on the authorization for the bonds, then
the establishment of fees for the bonds
goes hand in hand and a paragraph could
be added to the Resolution on the Agenda
setting the fee for this specific
application.
City Manager Birkelo stated that adoption
of the Resolution approves the Trust and
11/28/84
Page 2
AGENDA ACTION TAKEN
3. Staff Report 11/28/84 - Continued.
Loan Agreements which provides for the
issuance of the bonds, the repayment
thereof and specifically excludes the
Agency and the City from any legal obli-
gations for underwriting the repayment of
that loan. He stated that the fee in
this case represented $7,500.00 which
would go to the Authority.
M/S Addiego/Damonte - To adopt the
Resolution.
RESOLUTION NO. IDA 4-84
Carried by unanimous voice vote.
M/S Teglia/Damonte - To adjourn the meeting
Carried by unanimous voice vote.
ADJOURNMENT:
The meeting was adjourned at 8:20 p.m.
RESPECTFULLY SUBMITTED,
~arbara A. Battaya, Secre~ary
Industrial Development Authority
City of South San Francisco
APPROVED:
Richard C ,f the Board
Industrial Development ~u~or~ ty
City of South San Fran~is~_~
The entries of this Authority meeting show the action taken by the Board to dispose of an
item. Oral communications, arguments, and comments are recorded on tape. The tape
and documents related to the items are on file in the Office of the Secretary and are
available for inspection, review and copying.
11/28/84
Page 3