HomeMy WebLinkAbout1998-07-13 City Council Summary Minutes BOARD OF DIRECTORS PALO ALTO PUBLIC IMPROVEMENT CORPORATION
Special Meeting July 13, 1998 The Board of Directors of the Palo Alto Public Improvement Corporation met on this date in the Council Chambers at 11:05 p.m. PRESENT: Eakins, Kniss, Mossar, Ojakian, Rosenbaum, Schneider, Wheeler ABSENT: Fazzino, Huber SPECIAL MEETINGS PIC-1. Approval of Golf Course Financing Documents MOTION: Board Member Wheeler moved, seconded by Schneider, to approve the staff recommendation that the Board of Directors of the Public Improvement Corporation approve the following Golf Course Financing Documents:
Resolution 98-02 entitled ΑResolution Approving, Authorizing, and Directing Execution of Certain Lease Financing Documents, Approving Official Notice of Sale, Approving a Preliminary Official Statement, and Authorizing and Directing Certain
Actions with Respect Thereto≅ Assignment Agreement between the Palo Alto Public Improvement Corporation and U. S. Bank Trust National Association Property Lease of the Golf Course Site between the Public Improvement Corporation (PIC) and the City of Palo Alto Lease Agreement between the Palo Alto Public Improvement Corporation and City of Palo Alto Trust Agreement between the Palo Alto Public Improvement Corporation, City of Palo Alto, and U.S. Trust Bank National Association MOTION PASSED: 7-0, Fazzino, Huber absent.
1 07/13/98
PIC-2. Other Business None. ORAL COMMUNICATIONS None.
ADJOURNMENT: The meeting adjourned at 11:07 p.m.
2 07/13/98