Meeting Minutes
City of Oakland
|
Oakland, California 94612 |
|
LaTonda Simmons, City Clerk |
|
*Concurrent Meeting of the Oakland Redevelopment |
|
Agency Joint Powers Financing Authority and Finance and |
|
Management Committee |
|
Hearing Room 1, City Hall, 1 Frank H. Ogawa Plaza |
|
City of Oakland Website: http://www.oaklandnet.com |
Tuesday, February 28, 2006
2:00 PM
Hearing Room One - 1st Floor
Roll Call / Call to Order
|
The Concurrent Meeting of The Oakland Redevelopment Agency, Joint Powers |
|
Financing Authority and Finance and Management Committee convened at |
|
2:10 p.m., with Vice Mayor Quan presiding as Chairperson. |
COMMITTEE MEMBERSHIP:
|
Councilmember Present: 4 - Member Quan, Member Nadel, Member Brunner |
|
and Member De La Fuente |
1
Approval of the Draft Minutes from the Committee Meeting held on February 14, 2006
|
A motion was made by Member De La Fuente, seconded by Member |
|
Nadel, to *Approve the Minutes. The motion carried by the following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
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 Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
FROM PENDING/NO SPECIFIC DATE
|
Subject: Office Of The City Auditor Positions Report |
|
From: Office Of The City Administrator |
|
Recommendations: Receive A Report On The Budgeting Of Positions In The Office Of The |
|
City Auditor And Adopt One Of The Following Pieces Of Legislation: |
|
1) A Resolution Authorizing The City Administrator To Appropriate $69,839 In Fiscal Year |
|
2005-2006 To Fund Positions In The City Auditor's Office; or (06-0146) |
Scheduled to *Finance & Management Committee on 3/28/2006
3
|
Subject: Budget Advisory Committee - Quarterly Report |
|
From: Office Of The City Administrator - Budget Office |
|
Recommendation: Receive The Report From The Budget Advisory Committee On Activities |
|
For The Second Quarter Of Fiscal Year 2005-2006 (06-0074) |
|
A motion was made by Member De La Fuente, seconded by Member |
|
Nadel, that this matter be *Received and Filed. The motion carried by the |
|
following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
|
The following individual(s) spoke and did not indicate a position on this item: |
4
|
Subject: Credit Card Report Follow Up |
|
From: Finance And Management Agency - Treasury Department |
|
Recommendation: Receive A Follow Up Report On City-Guaranteed Credit Cards Used By |
|
City Of Oakland Employees And Elected Officials (05-0836-2) |
|
A motion was made by Member Nadel, seconded by Member De La |
|
Fuente, that this matter be *Received and Filed. The motion carried by the |
|
following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
|
The following individual(s) spoke and did not indicate a position on this item: |
5
|
Subject: Housing Set Aside Revenue Refunding Bonds |
|
From: Finance And Management Agency |
|
Recommendation: Adopt The Following Pieces of Legislation: |
|
1) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
|
And Forms Of Not To Exceed $4,500,000 Principal Amount Of The Redevelopment Agency |
|
Of The City Of Oakland Subordinated Housing Set Aside Revenue Refunding Bonds, Series |
|
2006, And Not To Exceed $94,000,000 Redevelopment Agency Of The City Of Oakland |
|
Subordinated Housing Set Aside Revenue Bonds, Series 2006A-T (Federally Taxable), |
|
Approving The Form Of And Authorizing The Execution And Deliver Of A First Supplemental |
|
Indenture And A Bond Purchase Agreement; Approving The Form Of And Authorizing The |
|
Distribution Of A Preliminary Official Statement And Authorizing Execution And Delivery Of |
|
An Official Statement; Approving The Retention Of A Financial Advisor And Other Agents; |
|
Authorizing Payment Of Costs Of Issuance; And Authorizing And Approving Necessary |
|
Actions In Connection Therewith; And (06-0110) |
|
A motion was made by Member Brunner, 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 February 7, 2006 as a Non Consent item. The motion carried |
|
by the following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
|
2) A Joint Powers Financing Authority Resolution Authorizing The Purchase And Sale Of Not |
|
To Exceed $4,500,000 Principal Amount Of The Redevelopment Agency Of The City Of |
|
Oakland Subordinated Housing Set Aside Revenue Refunding Bonds, Series 2006, And Not To |
|
Exceed $94,000,000 Redevelopment Agency Of The City Of Oakland Subordinated Housing |
|
Set Aside Revenue Bonds, Series 2006A-T (Federally Taxable), Upon Certain Terms And |
|
Conditions, Approving Distribution Of Official Statement Relating Thereto, And Providing |
|
Other Matters Properly Relating Thereto; And (06-0110-1) |
|
A motion was made by Member Brunner, 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 March 7, 2006 as a Non Consent item. The motion carried by |
|
the following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
|
3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
|
Redevelopment Agency Of The City Of Oakland Of Not To Exceed $4,500,000 Principal |
|
Amount Of The Redevelopment Agency Of The City Of Oakland Subordinated Housing Set |
|
Aside Revenue Refunding Bonds, Series 2006, And Not To Exceed $94,000,000 |
|
Redevelopment Agency Of The City Of Oakland Subordinated Housing Set Aside Revenue |
|
Bonds, Series 2006A-T (Federally Taxable), And Providing Other Matters Properly Relating |
|
Thereto (06-0110-2) |
|
A motion was made by Member Brunner, 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 March 7, 2006 as a Non Consent item. The motion carried by |
|
the following vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
6
|
Subject: Cash Management Report |
|
From: Finance And Management Agency |
|
Recommendation: Receive A Cash Management Report For The Quarter Ending December 31, |
|
2005 (06-0142) |
|
A motion was made by Member Brunner, seconded by Member Nadel, that |
|
this matter be *Received and Filed. The motion carried by the following |
|
vote: |
|
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
|
Member De La Fuente |
|
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 |
|
Concurrent Meeting of the Oakland Redevelopment Agency, Joint Powers |
|
Financing Authority and Finance and Management Committee adjourned the |
|
meeting at 2:55 p.m. |
*
|
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. |
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. |
|
Office of the City Clerk - Agenda Management Unit |
|
Recorded Agenda: (510) 238-2386 |
|
Telecommunications Display Device: (510) 839-6451 (TDD) |
City Clerk and Clerk of the Council
