HomeMy WebLinkAbout1992-02-20; Parking Authority; MinutesMinutes of:
Date of Meeting:
Time of Meeting:
Place of Meeting:
CAll TO ORDER:
CARLSBAD PARKING AUTI-IORTIY (Special Meeting)
February 20, 1992
2:00 p.m.
City Manager's Conference Room
The meeting was called to order by Chairman Goodwin at 2:05 p.m.
ROIL CAll:
Present: Members Goodwin, Anear, Aleshire, Miller and Richards
APPROVAL OF MINUTES
The Minutes of the Special Meeting held January 8, 1991 were approved as presented.
AYES: Goodwin, Anear, Aleshire, Miller, Richards
AUDIT FOR FISCAL YEAR 1990-91
Mr. Aleshire inquired about the possibility of paying off the 1969 bond issue if sufficient funds are
available.
Finance Director Lisa Hilda brand stated there is generally a penalty charge of between 1/2% to 5%
if bonds are called early. She stated that the actual charges were not known at this time, but the
matter could be investigated.
By consensus, the Authority requested that the Finance Department analyze the costs and possibility
of calling the remaining bonds and paying off the 1969 Bond Issue.
The Clerk of the Authority stated that when the report and recommendation was received from the
Finance Department, the information would be distributed to the members of the Authority. If the
members then wanted to discuss the information or take action, a meeting would be called.
The Authority approved the audit for fiscal year 1990-91 as submitted by Peat Marwick Main &
Company.
AYES: Goodwin, Anear, Aleshire, Miller, Richards
PAYMENT OF BILLS
Mr. Aleshire inquired about the need for two paying agents. In response, staff referenced the
requirements in the original agreement with Security Pacific which states that bonds can be
presented for payment at any paying agency in Chicago or in New York. That resulted in the need
for Bankers Trust Company in New York to provide the service.
Staff indicated that the matter would be reviewed to determine whether Security Pacific now has
offices in Chicago and New York.
Carlsbad Parking Authority Page Two February 20, 1992
The Authority ratified payment of the following bill in connection with the 1981 Bond Issue:
Bill from Security Pacific National Bank dated March 31, 1991 in the amount of $971.24.
AYES: Goodwin, Anear, Aleshire, Miller, Richards
The Clerk stated that since there were several new members on the Authority, they may wish to
reaffirm the authorization for the Clerk to pay bills when received upon approval by Finance. On
motion by Member Anear, the Authority authorized the Clerk to pay bills upon approval of the
Finance Department.
AYES: Goodwin, Anear, Aleshire, Miller, Richards
REVIEW OF INFORMATIONAL SHEET
The Authority expressed appreciation for the Information Sheet.
ELECTION OF OFFICERS FOR CALENDAR YEAR 1992
On motion by Member Anear, Mr. Goodwin was elected Chairman.
AYES: Anear, Aleshire, Miller, Richards
ABSTAIN: Goodwin
On motion by Member Aleshire, Mr. Anear was elected Vice-Chairman.
AYES: Goodwin, Aleshire, Miller, Richards
ABSTAIN: Anear
On motion by Member Richards, Mr. Miller was elected Secretary/Treasurer.
AYES: Goodwin, Anear, Aleshire, Richards
ABSTAIN: Miller
Following is the slate of officers for calendar year 1992:
Goodwin -Chairman
Anear -Vice-Chairman
Miller -Secretary /Treasurer
PARKJNG AUTI-IORfIY COMMENTS
Mr. Anear stated that there is a bus stop in front of the Plaza on El Camino Real and he has
observed people getting off the bus and crossing El Camino Real without going to the pedestrian
crosswalk. He expressed concern about it being a safety hazard and questioned whether something
could be done, such as fencing, to prevent the situation. The Secretary stated she would send a
memo to Bob Johnson, Traffic Engineer, relaying Mr. Anear's concerns.
Carlsbad Parking Authority Page Tirree February 20, 1992
ADJOURNMENT
By proper motion, the meeting of February 20, 1992 was adjourned at 2:47 p.m.
Respectfully submitted,