HomeMy WebLinkAbout2022-07-12 - Financing Authority Meeting MinutesFA -2022-001
MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCING AUTHORITY REGULAR MEETING
Tuesday, July 12, 2022, 6:30 p.m.
1717 E Miraloma Ave, Placentia CA 92870
1. PARTICIPATION INSTRUCTIONS
Were included on the agenda.
2. CALL TO ORDER
The meeting was called to order at 6:43 p.m.
3. ROLL CALL
DIRECTORS PRESENT
J. Wayne Miller, PhD, President
Brooke Jones, Vice President
Trudi DesRoches
Phil Hawkins
Tom Lindsey
STAFF PRESENT
Doug Davert, Interim General Manager
John DeCriscio, Operations Manager
Gina Knight, Human Resources and Risk Manager
Delia Lugo, Finance Manager
Rosanne Weston, Engineering Manager
Alison Martin, Public Affairs Manager
Annie Alexander, Board Secretary
Ariel Bacani, Assistant Engineer III
ALSO PRESENT
Andrew Gagen, General Counsel, Kidman Gagen Law LLP
4. PUBLIC COMMENTS
None.
5. CONSENT CALENDAR
Director Hawkins made a motion, seconded by Director Lindsey, to approve the
Consent Calendar. Motion carried 5-0-0-0 on a roll call vote.
5.1. Minutes of the Financing Authority Regular Meeting Held December 14, 2021
Recommendation: That the Board of Directors approve the minutes as
presented.
Minutes of the Financing Authority Regular Meeting Held July 12, 2022 at 6:30 p.m.
FA -2022-002
6. ACTION CALENDAR
6.1. Authorizing the Sale of Revenue Bonds, Series 2022A
Lora Carpenter, Vice President for Fieldman Rolapp & Associates,
reviewed the progress made to date, key components of the revenue bonds
and refunding plan, estimated aggregate debt profile, and the financing
schedule.
Kristina Huhn, Vice President for Barclays, briefly reviewed the status of
municipal bond markets.
Cyrus Torabi, Bond Counsel for Stradling Yocca Carlson & Rauth, provided
an overview of the associated legal documents for both the District and the
Financing Authority.
Director Lindsey inquired about making a minor revision to his biography in
one of the documents and Director DesRoches requested a correction to
her first name in another document. Staff indicated that these revisions
would be forwarded to Mr. Torabi at the end of the evening.
President Miller opened the floor to public comment on this matter for which
there was none.
Director Jones made a motion, seconded by Director Hawkins, to adopt
Resolution No. FA -2022-01 approving the sale of Revenue Bonds, Series
2022A in an aggregate principal amount not to exceed $35,000,000 and
approving the execution of certain documents in connection therewith and
certain other matters. Motion carried 5-0-0-0 on a roll call vote.
7. ADJOURNMENT
7.1. Director Hawkins made a motion, seconded by Director Lindsey, to adjourn
the meeting at 7:13 p.m. Motion carried 5-0-0-0 on a roll call vote.
Annie Alexander
Board Secretary
Minutes of the Financing Authority Regular Meeting Held July 12. 2022 at &30 p.m. 2