HomeMy Public PortalAboutA 2011-06-22 - INDEPENDENT CITIES FINANCE AUTHORITY INDEPENDENT CITIES FINANCE AUTHORITY
Annual Meeting Of The Board Of Directors
Annual Meeting Of The Executive Committee
�J'� �d 5�� Wednesday, June 22, 2011
12:00 noon
RECEI�/ED
N4TE LQCA TI�N
JUN 1 6 2011
CITY OF LYNWOOD EL MARIACHI RESTAURANT
CITY CLERKS OFFICE 6617 Wilson Avenue
Huntington Park, CA 90255
M _ ; � �,�:r d Y�L (323) 582-1500
G � �� �' MEETING AGENDA
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STAFF REPORTS AND OTHER WRITTEN DOCUMENTS RELATED TO ITEMS
ON THIS AGENDA CAN BE OBTAINED FROM THE INDEPENDENT CITIES
FINANCE AUTHORITY BY CALLING (877) 906-0941.
FOR YOUR INFORMATION: The Authority Board/Executive Committee will hear
from the public on any item on the agenda or an item of interest to the
Board/Executive Committee that is not on the Agenda. These items may be
referred for administrative action or scheduled on a future Agenda. Comments are
to be limited to three minutes for each speaker, unless extended by the Authority
Board. Each speaker will have on opportunity to speak on any Agenda item. You
have the opportunity to address the Authority Board at the following times.
A. AGENDA ITEM: at the time the Authority Board considers the Agenda item
or during Public Comment, and
B. NON-AGENDA ITEMS: during Public Comment - comments will be
received for a maximum 30-minute period; any additional requests will be
heard following the completion of the Agenda.
C. PUBLIC HEARINGS: at the time of the Public Hearing
I. CALL TO ORDER.
II. ROLL CALL.
City of Baldwin Park City of Lynwood
City of Compton City of San Fernando
City of Hawthorne City of South Gate
City of Hermosa Beach City of Vernon
City of Huntington Park
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ANNUAL MEETING OF THE BOARD OF DIRECTORS
ANNUAL MEETING OF THE EXECUTIVE COMMITTEE
June 22, 2011
Page Two
III. AMENDMENTS OR ADJUSTMENTS TO THE AGENDA.
IV. PUBLIC COMMENT. At this time the public shall have an opportunity to comment
on any non-agenda item relevant to the jurisdiction of the Authority. Reasonable
time limits are imposed on each topic and each speaker. In accordance with the
provisions of the Ralph M. Brown Act (GC § 54950 et seq.), no action or discussion
may take place by the Board on any item not on the posted agenda. The Board may
respond to statements made or questions asked, and may direct staff to report back
on the topic at a future meeting.
V. NEW BUSINESS.
A. Approval Of Minutes Of The May 11, 2011 Board Of Directors Meetings.
RECOMMEND APPROVAL
B. Approval Of The Financing Of A 108-Unit Manufactured Home Community By
ICFA For Millennium Housing Of California And Its Affiliates, Coach Of San
Diego, Inc. And Millennium Housing Corporation, Located In The City Of
Capitola, County Of Santa Cruz.
RECOMMEND APPROVAL
C. Approval And Adoption Of Resolution 2011-1 (A Resolution Of The Board Of
Directors/Executive Committee Of The Independent Cities Finance Authority
Authorizing The Issuance Of Its NotTo Exceed $11,700,000 Aggregate Principal
Amount Of Independent Cities Finance Authority Mobile Home Park Revenue
Bonds (Castle Mobile Estates) Series 2011A, Independent Cities Finance
Authority Mobile Home Park Subordinate Revenue Bonds (Castle Mobile
Estates) Series 2011 B And Independent Cities Finance Authority Mobile Home
Park Subordinate Revenue Bonds (Castle Mobile Estates) Series 2011 C And
Approving Certain Documents And Authorizing Certain Actions In Connection
Therewith)
RECOMMEND APPROVAUADOPTION
D. Discussion And Approval Of An Amended Conflict Of Interest Code, Including
Adoption Of Resolution 2011-2 (Resolution Of The Board Of Directors Of The
Independent Cities Finance AuthorityAdopting An Amended Conflict-Of-Interest
Code Pursuant To The Political Reform Act Of 1974).
RECOMMEND APPROVAL/ADOPTION
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ANNUAL MEETING OF THE BOARD OF DIRECTORS
ANNUAL MEETING OF THE EXECUTIVE COMMITTEE
June 22, 2011
Page Three
E. Approval/Adoption Of A Budget For The 2011-12 And 2012-13 Fiscal Years
And An Investment Policy For The Same Period.
RECOMMEND APPROVAUADOPTION
F. Approval Of ICFA Sponsorship Of A"Get Home Now" Renovation Program For
New Home Buyers And Existing Homeowners Sponsored By Home Depot.
RECOMMEND APPROVAL
G. Approval And Adoption Of Resolution 2011-3 (A Resolution Of The Board Of
Directors Of The Independent Cities Finance Authority Naming And Appointing
Certain Officers And Staff.
RECOMMEND APPROVAUADOPTIONI
H. Appointment/Election Of Executive Committee Members ForATwoYearTerm.
RECOMMEND APPOINTMENT/ELECT/ON
I. Update On Pending Projects/Activities.
INFORMAT/ON ONLY
J. Approval Of Financial Accounting For The Period January 1, 2011 To The
Present. RECOMMEND APPROVAL
VI. COMMENTS FROM BOARD MEMBERS.
VII. MATTERS FROM STAFF.
VIII. ADJOURNMENT.
The public shall have an opportunity to comment on any item as each item is considered
by the Board/Executive Committee and prior to action being taken. Agenda Reports are
available at the Independent Cities Finance Authority office upon request by calling (877)
906-0941.
NOTICE: New items will not be considered after 2:00 p.m. unless the Board of Directors/
Executive Committee votes to extend the time limit. Any items on the agenda that are not
completed will be forward to the next regular Board of Directors/Executive Committee
meeting.
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ANNUAL MEETING OF THE BOARD OF DIRECTORS
ANNUAL MEETING OF THE EXECUTIVE COMMITTEE
June 22, 2011
Page Four
IN COMPLIANCE WITH THE AMERICAN DISABILITIES ACT, IF YOU NEED SPECIAL
ASSISTANCE TO PARTICIPATE IN THIS MEETING, PLEASE CONTACT THE
INDEPENDENT CITIES FINANCE AUTHORITY AT (877) 906-0941. NOTIFICATION 48
HOURS PRIOR TO THE MEETING WILL ENABLE THE INDEPENDENT CITIES
FINANCE AUTHORITY TO MAKE REASONABLE ARRANGEMENTS TO ENSURE
ACCESSIBILITY TO THIS MEETING.
NOTE TO C/TY CLERKS:
P/ease post this Meeting Notice in three separate locations, just as you would a City
Council agenda.
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