HomeMy WebLinkAboutMIN 1994 1116 CC SPCMINUTES OF THE CITY COUNCIL
Moorpark, California November 16, 1994
A Special Meeting of the City Council of the City of Moorpark was
held on November 16, 1994 in the Council Conference Room of said
city located at 799 Moorpark Avenue, Moorpark, California.
1. CALL TO ORDER:
Mayor Lawrason called the meeting to order at 6:40 p.m.
2. ROLL CALL:
Present: Councilmembers Hunter, Montgomery, Perez,
Wozniak and Mayor Lawrason
Staff: Steven Kueny, City Manager; Cheryl Kane,
City Attorney; Richard Hare, Deputy City
Manager; Lillian Hare, City Clerk.
3. PUBLIC COMMENT:
None.
4. ACTION /DISCUSSION:
A. Consider Sale of Single Family Residential Mortgage
Revenue Bonds Residual Assets, Issue of 1985. Staff
Recommendation: Approve Mudge Rose Guthrie Alexander and
Ferdon as special counsel and PAR Marketing as financial
advisor for the sale of residual assets from the Single
Family Mortgage Revenue Bond Issue of 1985; and, direct
staff to proceed with payments of fees and expenses from
the sale or professional services accounts whichever is
appropriate, and authorize the City Manager or Deputy
City Manager to execute all necessary documents for this
purpose.
Mr. Hare gave the staff report.
Mayor Lawrason indicated that the Budget and Finance
Committee reviewed this matter at its last meeting.
MOTION: Councilmember Perez moved and Councilmember Wozniak
seconded a motion to approve the staff recommendation to
approve Mudge Rose Guthrie Alexander and Ferdon as special
counsel and PAR Marketing as financial advisor for the sale of
residual assets from the Single Family Mortgage Revenue Bond
Issue of 1985; and, direct staff to proceed with payments of
fees and expenses from the sale or professional services
accounts whichever is appropriate, and authorize the City
Manager or Deputy City Manager to execute all necessary
documents for this purpose. The motion carried by unanimous
voice vote.
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Minutes of the City Council
Moorpark, California Page 2 October 19, 1994
B. Consider Resolution No. 94 -1082 of the City Authorizing the
Execution and Delivery of an Asset Purchase Agreement,
Redemtion of all of its Outstanding Single Family Residential
Mortgage Revenue Bonds, Issue of 1985 (the "bonds ") , Approving
a Supplemental Indenture, and Delivery of all Necessary and
Related Documents in Connection with the Foregoing Actions.
Staff Recommendation: Approve Resolution 94 -1082.
Mr. Hare gave the staff report.
MOTION: Councilmember Perez moved and Councilmember Wozniak
seconded a motion to approve the staff recommendation to adopt
Resolution 94 -1082. The motion carried by unanimous roll call
vote.
5. CLOSED SESSION:
MOTION: Councilmember Perez moved and Councilmember Wozniak
seconded a motion to adjourn to Closed Session for a
discussion of A. CONFERENCE WITH LEGAL COUNSEL - EXISTING
LITIGATION (pursuant to subdivision (a) of Section 54956.9 of
the Government Code) Name of Case: Abe Guny vs. City of
Moorpark (Case No. 114052). The motion carried by unanimous
voice vote. The time was 6:45 p.m.
Present in Closed Session were all Councilmembers; Steven
Kueny, City Manager; Cheryl Kane, City Attorney; Richard
Hare, Deputy City Manager; and Lillian Hare, City Clerk.
The Council adjourned from Closed Session at 6:47 p.m.
Mr. Kueny reported that only item 5.A. was discussed and
there was no action to report out of Closed Session.
6. ADJOURNMENT:
Mayor Lawrason adjourned the meeting at 6:47 p.m.
Paul W. Law son Jr., ayor
ATTEST:
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