PRESENT:

Authority Chair Otto Lee

Authority Vice Chair Anthony Spitaleri

Authority Member John Howe

Authority Member Dean J. Chu

Authority Member Councilmember Ron Swegles

Authority Member Melinda Hamilton

Authority Member Christopher Moylan

ABSENT:

None

STAFF PRESENT:

Authority Executive Director Amy Chan

Assistant City Manager Robert Walker

Authority Counsel David Kahn

Authority Secretary and Director of Community Development Hanson Hom

Revenue Systems Supervisor Tim Kirby

Authority Clerk Gail T. Borkowski

1.A.

Approval of Draft Minutes of Regular Meeting of January 30, 2007

2.

FA 07–002

Issuance of SMaRT Station® Revenue Bonds to Supplement the Funding for the Replacement of Materials Recovery Equipment at the SMaRT Station®

Revenue Systems Supervisor Tim Kirby presented the staff report.

Public hearing opened at 9:38 p.m.

No speakers.

Public hearing closed at 9:38 p.m.

MOTION: Authority Member Chu moved and Authority Member Swegles seconded to approve Alternative 1: Authority adopts the resolution (A) authorizing staff to proceed with the issuance and sale of the 2007 Solid Waste Revenue Bonds through direct placement with a bank after a competitive process, with a principal amount not to exceed $8,300,000 (including $100,000 in issuance costs), and maturity not to exceed 14 years and an interest rate not to exceed 5.25% and, (B) approve the documents required to complete the transaction as attached in substantially final form.

VOTE: 7-0