HomeMy WebLinkAboutMinutes - City Council - unsigned - 1985-09-30 City Council, Regular Adjourned Meeting Police Dept. & Council Chambers Redding, California September 30, l985 ll:45 P.M.
The meeting was called to order by Mayor Kirkpatrick, with the
following Council Members present: Fulton, Gard, Pugh, and
Kirkpatrick. Council Members absent: Demsher
Also present were City Manager Courtney, City Attorney Hays, Director
of Public Works Arness, Director of Electric Lindley, Electric Utility
Operations Manager Ryan, Engineering Manager Russell, Resources
Manager Coleman, Associate Electrical Engineer Nichols, Director of
Finance Downing, Director of General Services Masingale, Deputy City
Clerk Strohmayer, and Secretary to the City Council Rupp.
ORDINANCE - re Documents Pertaining to Electric System Financing
(E-090-l60-220)
City Attorney Hays submitted a proposed ordinance authorizing the
execution of certain documents pertaining to the City of Redding elec-
tric system project financing. Mr. Hays stated that the ordinance
does not commit the City to anything at this time but allows it to
move forward with the financing process.
Council Member Pugh offered Ordinance No. l743 for first reading, an
ordinance of the City Council of the City of Redding approving and
authorizing the execution and delivery of an installment purchase
contract, a trust agreement, a certificate purchase agreement, a
remar-keting agreement, a standby certificate purchase agreement, a
variable rate indexing agent agreement, a fixed rate indexing agent
agreement and an official statement and certain other actions in
connection with the City of Redding l985 Electric System Project.
LEAGUE OF CALIFORNIA CITIES - Annual Conference Resolutions
(L-040-l50)
Council Member Gard reviewed the League of California Cities Annual
Conference Resolutions and the Committee recommendations. As the
League's voting delegate at the Annual Conference, Ms. Gard asked if
Council disagreed with any of the Policy Committee recommendations.
Council discussed several of the resolutions and were in agreement
with the Committee recommendations, with the exception of Resolution
No. 68. It was the recommendation of Council Member Pugh that
Resolution No. 68, concerning the authority for tax-exempt municipal
bonds, not be approved in its present form. Mr. Pugh felt the
resolution needs to address the specifics of tax-exempt financing.
Ms. Gard advised that she would make that recommendation to the
Resolutions Committee and City Manager Courtney agreed to advise the
Revenue and Tax Committee, at the Annual Conference.
ADJOURNMENT
There being no further business, at the hour of l2:08 P.M., Mayor
Kirkpatrick declared the meeting adjourned.
APPROVED:
__________________________________
Mayor
ATTEST:
___________________________________ Deputy City Clerk