Aggie Square EIFD Public Financing Authority Special Meeting - October 5, 2021
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Aggie Square Enhanced Infrastructure Financing District Public Financing Authority Special Meeting - October 5, 2021
The Aggie Square Enhanced Infrastructure Financing District (EIFD) Public Financing Authority held a brief special meeting on October 5, 2021, from 10:03 a.m. to 10:05 a.m. via teleconference due to the COVID-19 pandemic. The sole agenda item was the consent calendar consideration of the Master Funding Agreement for Aggie Square Phase 1. Vice Chair Geta presided in the absence of Chair Shane. Members Jennings, Hernandez, and Titherington (arrived later) were present.
Consent Calendar
- Item 01 – Master Funding Agreement for Aggie Square Phase 1 [Continued from 09/21/2021]: The Authority considered authorizing the Chair or designee to execute a Master Funding Agreement among The Regents of the University of California, Wexford Development, LLC, the City of Sacramento Aggie Square Enhanced Infrastructure Financing District, and the City of Sacramento for Phase 1 of the Aggie Square project (Districts 5 and 6). The item was continued from the September 21, 2021 meeting.
Key Outcomes
- Motion to approve the consent calendar: Made by Member Jennings, seconded by Member Hernandez. The motion passed unanimously on a roll call vote of 3-0 (Members Jennings, Hernandez, and Vice Chair Geta voting yes; Member Titherington arrived after the vote; Chair Shane absent). The meeting adjourned immediately after approval without additional discussion or public comments.
Meeting Transcript
Vice Chair Staff is ready when you are. Great, thank you very much. Let me call, I'd like to call this meeting of the Aggie Square Enhanced Infrastructure Financing District, Public Financing Authority meeting to order at this uh October 5th, 2021 at 10 oh three a.m. If the clerk could please call the role to establish the quorum. Thank you. Member Jennings. Here. Ember Hernandez. Here. I expect Member Titherington momentarily. Um Chair Shane will be absent today. Vice Chair Getta. Here. Thank you. You have a quorum. Great. Thank you very much. Um now that we've established the quorum, we have a pretty quick agenda item here. We have the consent calendar. Um Madam Clerk, do we have any more uh from the public signed up to speak on the consent calendar? I have no hands raised to make public comment. Okay, let me take this bring this back to the uh the board here. Any questions or comments on the consent calendar? If not, I'll take a motion. My understanding is that this is the master funding agreement for the agri square phase one. And uh I've read through it in its entirety, and I'd like to make a recommendation that we move it forward. Thank you. Absolutely. Uh I appreciate um uh member Jennings' comments and also aligning my comments with his and would like to make the second. Very good, thank you. It's been moved by board member Jennings and also seconded by a board member Hernandez. Uh, if the clerk could please call the roll. Thank you, Member Jennings. Member Hernandez. Vice Chair Getta. All right. And Member Titherington and Shineer, absent. Well, by my arithmetic, that measure passes. Uh let's go on to the next item on the agenda. Uh, members' uh comments, ideas, and questions. Do any of the members of the public financing authority have comments, ideas, or questions? Seeing none, we'll move on to the uh the next item on the agenda, which is public comments on matters not on the agenda. Madam Clerk, is anyone from the general public sign up to speak on matters not on the agenda? I have no hands raised to speak on public comments. Well, that was a very judicious and speedy meeting. So I want to thank the members of the public financing authority for helping us uh get through today's work. And uh, with that, we can adjourn at ten oh five a.m. Thank you very much.
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