HomeMy WebLinkAbout1989-06-20; City Council; Resolution 89-177, ii,
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2. I/ RESOLUTION NO. 89-177
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA,AUTHORIZING THE EFJPA CHAIRMAN, CITY FINANCE DIRECTOR TO TRAVEL OUT OF STATE AND ADVANCING FUNDS FOR ONE EAA
REPRESENTATIVE TO TRAVEL OUT OF STATE I 5
6 WHEREAS, the City of Carlsbad is the largest participant in th
'7 Encina Financing Joint Powers Authority (EFJPA); and
8 WHEREAS, the ability of the EFJPA to receive favorable ratings an
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years; and 11
the cost to the City for debt service payments during the next 20 to 2 10
insurance bids on the proposed bond issue will have a material effect o
12 WHEREAS, meeting with representatives of the rating agencies an
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be responsible for said ratings and insurance premium bids; and 15
establish clear and valuable communications with the individuals who wil 14
insurance companies will provide the EFJPA with the opportunity t
construction for Phase IV and existing operations effectively; and 18
the financing team to deal with a1 1 issues re1 ated to the JAC, projec 17
WHEREAS, the attendance of a representative of the EAA will a1 IC
19 WHEREAS, funds for all expenses related to this travel can be mac
20 available from within the existing General Fund accounts; and
21 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City (
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as part of the EFJPA financing team, 25
representative to the EFJPA are hereby authorized to travel to New Yo1 24
1. That the City Finance Director and the City Counc, 23
Carl sbad, as follows:
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1 2. That funds to cover the cost of one EAA representative travelin5
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to New York as part of the EFJPA financing team will be advanced by thc
City of Carlsbad.
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3. That a1 1 costs re1 ated to this travel will be recovered from tht
EFJPA Bond Issue.
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7 PASSED, APPROVED AND ADOPTED by the City Council at a regula)
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meeting thereof held on the 20th day of June , 1989, by th'
following vote, to wit:
10 AYES: Council Members Lewis, Mamaux & Pettine
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NOES : None
ABSENT: Council Members Kulchin
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ATTEST: WkQ- ALETHA L. RAUTENKRANZ, City C1 &k
(SEAL)