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HomeMy WebLinkAbout2016-12-08 - Public Financing Corporation Meeting Minutes PFC-2016-001 MINUTES OF THE YORBA LINDA WATER DISTRICT PUBLIC FINANCING CORPORATION REGULAR MEETING Thursday, December 8, 2016, 8:30 a.m. 1717 E Miraloma Ave, Placentia CA 92870 1. CALL TO ORDER The December 8, 2016 Regular Meeting of the Yorba Linda Water District Public Financing Corporation was called to order by Director Miller at 12:03 p.m. The meeting was held in the Board Room at the District's Administration Building located at 1717 East Miraloma Avenue in Placentia, California 92870. 2. ROLL CALL DIRECTORS PRESENT ALSO PRESENT Andrew Hall, Director Marc Marcantonio, General Manager Phil Hawkins, Director Steve Conklin, Engineering Manager Brooke Jones, Director John DeCriscio, Operations Manager Wayne Miller, Director Delia Lugo, Finance Manager Al Nederhood, Director Art Vega, Information Technology Manager Annie Alexander, Executive Secretary ALSO PRESENT Andrew Gagen, Partner, Kidman Law LLP 3. SEATING OF DIRECTORS 3.1. Reorganization of the Board of Directors and Appointment of Officers Mr. Marcantonio explained that pursuant to Resolution No. 16-12, the officers of the District also serve as the officers of the Public Financing Corporation and are to be updated annually following the reorganization of the Board of Directors. The powers and duties of the Corporation's officers are the same as the District's officers as set forth in the County Water District Law and the Board of Directors' Policies and Procedures. Minutes of the YLWD Public Financing Corporation Regular Meeting Held December 8,2016 1 PFC-2016-002 Director Hall made a motion, seconded by Director Hawkins, to elect Director Miller as President, Director Nederhood as Vice President, Mr. Marcantonio as Secretary, Ms. Alexander as Assistant Secretary, and Mrs. Lugo as Treasurer for the next calendar year. Motion carried 5-0. 4. PUBLIC COMMENTS None. 5. ACTION CALENDAR 5.1. Minutes of the Public Financing Corporation Regular Meeting Held December 10, 2015 Director Hawkins made a motion, seconded by Director Hall, to approve the minutes as presented. Motion carried 5-0. 5.2. Amendments to the Public Financing Corporation's Conflict of Interest Code Director Hawkins made a motion, seconded by Director Miller, to approve Resolution No. PFC-16-01 Adopting a Conflict of Interest Code for the Yorba Linda Water District Public Financing Corporation which Supersedes all Prior Conflict of Interest Codes and Amendments Previously Adopted. Motion carried 5-0 on a Roll Call vote. 6. ADJOURNMENT 6.1. The meeting was adjourned at 12:07 p.m. The next regular meeting of the Public Financing Corporation will be held Thursday, December 7, 2017 at 8:30 a.m. Annie Alexander Assistant Board Secretary Minutes of the YLWD Public Financing Corporation Regular Meeting Held December 8, 2016 2