HomeMy WebLinkAbout1969-08-21; Parking Authority; MinutesMi nut es of:
Date of Meeting:
Time of MeetiDg:
.ITV OF CARLSBAD
CARLSBAD PARKING AUTHORITY
Thursday, August 21, 1969
4:00 .m. r
-
Members Present:
Members Absent:
W._D. Cannon, D. R. Daugherty, E. W. Snede er
G. W. Killen, A. A. Sugg
Others Present: City Manager C .. E. Martin, A. C. Matteson
of Bartle Wells Associates, and S. C.
Wilson, City Attorney •
Mr. Wilson stated that the Parking Authority held an informa
meeting Tuesday, August 19, at which Mr. U. Schreiner,
Attorney for 0 1Melveny and Meyers was present. He explained
that it was necessary for the Carlsbad Parking Authority to
adopt certain resolutions in order to advertise for bids in
connection with the sale of the bonds for El Camino Plaza
parking lot.
Mr. Wilson mentioned that 0 1Melveny and Meyers is represent-
fog the Carlsbad Parking Authority.
Chai rm.an Daugherty asked if there-were any changes in the
agreements. Mr. Wilson stated that the obligations were the
same, and if they remain,>the same it would make the bonds
more saleable to the bon·cl buyers. Bonds will be advertised
by the Clerk immediately after this meeting, and bid opening
will be Tuesday, September 23, 1969 at 2:00 p.m., in the
Council Chambers, Carlsbad City Hall. The first lease
rentals are due in 1970. The bonds, amounting to $1,535,000,
will not exceed 7% interest rate, and will be payable each
year on October l.
Chairman Daugherty asked for adoption of Resolutions 4,5,6,
and 7. After a brief discussion of the resolutions the
following resolutions were presented for adoption.
Resolution No. 4. RESOLUTION OF THE PARKING AUTHORITY OF
THE CITY OF CARLSBAD, CALIFORNIA APPROVING AND AUTHORIZING
THE EXECUTION-OF THAT CERTAIN DOCUMENT ENTITLED 11 LEASE
AGREEMENT 11 was adopted by title only and further reading
waived ..
Resolution No. 5A RESOLUTION OF THE PARKING AUTHORITY OF
THE CITY OF CARLSBAD, CALIFORNIA AUTHORIZING AND DIRECTING
THE CLERK TO PUBLISH A NOTICE INVITING BIDS FOR BONDS was
adopted by title only and further reading waived.
Cannon
Daugherty
Snedeker
Cannon
Daugherty
Snedeker
Resolution No. 6. RESOLUTION OF THE PARKING AUTHORITY OF THE Cannon
CITY OF CARLSBAD, CALI FORNI A APPROVING OFFICIAL STATEMENT "Daugherty
was adopted by title. only and further reading waived. Snedeker
Resolution No.s. RESOLUTION OF THE PARKING AUTHORITY OF
THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE ISSUANCE
OF $1,535,000 BONDS OF SAID AUTHORITY AND PROVIDING THE TERM Cannon
AND CONDITIONS FOR THE ISSUANCE OF SAID BONDS was adopted Daugherty
by title only and further reading waived: Snedeker
ADJOURNMENT:
By proper motion the meeting was adjourned at 4:30 P .M.
_lvrU~~!~
Helen Lindsley • r
Recording Secretary
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