Meeting Minutes
City of Oakland
Oakland, California 94612 |
LaTonda Simmons, City Clerk |
*Concurrent Meeting of the Joint Powers Financing |
Authority and Finance and Management Committee |
Hearing Room 1, 1 Frank H. Ogawa Plaza, Council Chambers, 3rd Floor |
City of Oakland Website: http://www.oaklandnet.com |
Tuesday, May 10, 2005
2:00 PM
Hearing Room One - 1st Floor
The Oakland City Council Joint Powers Financing Authority and Finance and |
Management Committee convened at 2:01 P.M. with Councilmember Quan |
presiding as Chairperson. |
Roll Call/Call to Order
Councilmember Excused: 1 - Member Brunner |
Councilmember Present: 3 - Member De La Fuente, Chair Quan and Member |
Nadel |
1
Approval of the Draft Minutes from the Committee Meeting held on April 26, 2005
A motion was made by Member Nadel, seconded by Member De La |
Fuente, to *Approve the Minutes. The motion carried by the following |
vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
2
Determination of Schedule of Outstanding Committee Items
A motion was made by Member De La Fuente, seconded by Member |
Nadel, to Approve as Amended. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
FROM FOR TRACKING PURPOSES
CASH MANAGEMENT REPORT
A motion was made to Scheduled to the *Finance & Management |
Committee, to be heard at the May 24, 2005 meeting The motion carried. |
3
Subject: Issuance and Sale of Series 2005 Revenue Bonds |
From: Finance and Management Agency |
Recommendation: Adopt the following pieces of legislation: |
1) Resolutions of the City Council of the City of Oakland Approving the Financing of Public |
Capital Improvements of the Oakland Joint Powers Financing Authority (05-0290) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke and did not indicate a position on this item: |
2) Resolution of the Oakland Joint Powers Financing Authority Authorizing the Issuance and Sale |
of Revenue Bonds, Series 2005 (City of Oakland General Obligation Bond Program); |
Authorizing the Procurement of Bond Insurance; Approving the Forms of a Local Obligation |
Purchase Contract, Trust Agreement, Bond Purchase Agreement and Official Statement; |
Authorizing the Execution and Delivery Thereof and Authorizing the Taking of all Necessary |
Actions Relating to the Issuance of the Bonds (05-0290-1) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
3) Resolution Authorizing the Issuance and Sale of Not to Exceed $140,000,000 Principal |
Amount of the "City of Oakland General Obligation Refunding Bonds, Series 2005," Prescribing |
the Terms of the Sale of the 2005 Bonds, Approving Forms of the Local Obligation Purchase |
Contract and Escrow Agreements, Appointing a Paying Agent and Authorizing Necessary |
Actions Related Thereto (05-0290-2) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke and did not indicate a position on this item: |
4
Subject: Refunding Revenue Bonds |
From: Finance and Management Agency |
Recommendation: Adopt a Resolution of the City Council of the City of Oakland Approving the |
Issuance By the Oakland Joint Powers Financing Authority of Not to Exceed $178,000,000 |
Aggregate Principal Amount of Refunding Revenue Bonds in One or More Series to Refund the |
Authority's Outstanding Lease Revenue Bonds, 1998 Series A; Authorizing Execution and |
Delivery of an Amended and Restated Lease and Amended and Restated Sublease; and |
Authorizing Execution of Documents and the Taking of all Necessary Actions Relating to the |
Refunding Financing with the Oakland Joint Powers Financing Authority; and (05-0322) |
A motion was made by Member Nadel, seconded by Member De La |
Fuente, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
2) A Resolution of the Oakland Joint Powers Financing Authority Approving the Issuance and |
Sale of Refunding Revenue Bonds in One or More Series to Refund the Authority's Outstanding |
Lease Revenue Bonds 1998 Series A; Approving the Forms of and Authorizing Execution and |
Delivery of an Amended and Restated Lease, An Amended and Restated Sublease, A Trust |
Agreement and a Bond Purchase Contract and Related Agreements; Authorizing the Procurement |
of Bond Insurance; and Authorizing Execution of Documents and the Taking of All Necessary |
Actions Relating to the Issuance of the Bonds (05-0322-1) |
A motion was made by Member Nadel, seconded by Member De La |
Fuente, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
5
Subject: Issuance and Sale of Tax and Revenue Anticipation Notes |
From: Finance and Management Agency |
Recommendation: Adopt an Ordinance providing for the borrowing of funds for Fiscal Year 2005 |
-2006 in an amount not to exceed $70,000,000 and the issuance and sale of 2005-2006 Tax and |
Revenue Anticipation Notes therefore, approving the publication of notices in the connection with |
such sale, and authorizing the award of such notes subject to certain conditions, and certain |
related matters (05-0298) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke and did not indicate a position on this item: |
6
Subject: CalPERS Contract Amendment - Firefighters Local 55 |
From: Finance and Management Agency |
Recommendation: An Ordinance of the City of Oakland Authorizing an Amendment to the |
Contract Between the City of Oakland and the Board of Administration of the California |
Employees' Retirement System (CalPERS) that Authorizes Conversion of up to Seventy-Five |
Percent (75%) of Unused Accumulated Sick Leave to Additional Service Credit for Members of |
the International Association of Firefighters, Local 55 (05-0297) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke and did not indicate a position on this item: |
7
Subject: Salary Ordinance Amendment - Firefighters Local 55 |
From: Office of Personnel |
Recommendation: Adopt An Ordinance Amending the Salary Schedule of Ordinance No. 12347 |
C.M.S. to Adjust the Salaries of Employees in Job Classifications Represented by the |
International Association of Firefighters, Local 55 (05-0300) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
8
Subject: Salary Ordinance Amendment - Oakland Park Rangers Association |
From: Office of Personnel |
Recommendation: Approve the Introduction (First Reading) Of An Ordinance amending |
Ordinance No. 12379 C.M.S. to adjust the wages of Employees represented by the Oakland Park |
Rangers Association (OPRA) pursuant to a Memorandum of Understanding between the City of |
Oakland and OPRA (05-0299) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke and did not indicate a position on this item: |
9
Subject: Sale Agreement to Purchase Two Parcels |
From: Community and Economic Development Agency |
Recommendation: Ordinance Authorizing The City Administrator, Without Returning to Council, |
to Enter into and Execute a Purchase and Sale Agreement to Acquire Two Parcels of Land |
Containing 21,905 SF Known as APN 029-1158-011-03 and APN 029-1159-006-02 Located |
on Butters Drive For Open Space from the Butters Land Trust in the Amount of One Hundred |
Fifty Thousand Dollars ($150,000) Plus Closing Costs Not to Exceed Eight Thousands Dollars ($ |
8,000) from Measure DD Funds (05-0230) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
10
Subject: Animal Shelter Director Classification Update |
From: Office of the City Administrator |
Recommendation: A Report on Recommended Changes to the Salary and Duties of the Animal |
Control and Shelter Manager Classification (05-0174) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
Item. The motion carried by the following vote: |
Councilmember Excused: Member Brunner |
Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
The following individual(s) spoke in favor of this item: |
The following individual(s) spoke and did not indicate a position on this item: |
Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES)
The following individual(s) spoke under Open Forum: |
Adjournment
There being no further business, and upon the motion duly made, the Oakland |
City Council the Joint Powers Financing Authority and Finance and |
Management Committee adjourned the meeting at 3:45 p.m. |
NOTE:
Americans With Disabilities Act |
If you need special assistance to participate in Oakland City Council and Committee meetings |
please contact the Office of the City Clerk. When possible, please notify the City Clerk 48 hours |
prior to the meeting so we can make reasonable arrangements to ensure accessibility. Also, in |
compliance with Oakland's policy for people with environmental illness or multiple chemical |
sensitivities, please refrain from wearing strongly scented products to meetings. |
Recorded Agenda: (510) 238-2386 |
Telecommunications Display Device: (510) 839-6451 (TDD) |
*
In the event of a quorum of the City Council participates on this Committee, the meeting is |
noticed as a Special Meeting of the City Council; however no final City Council action can |
be taken. |
City Clerk and Clerk of the Council