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<br />There was a break at 10:05 p.m. <br />The meeting reconvened at 10:10 p.m. <br /> <br />6e <br />ADDroval of the California Statewide Communities DeveloDment Authority Tax-ExemDt <br />Bond financina to benefit American BaDtist Homes of the West. (SR 05:336) <br /> <br />Mr. Bocian presented the staff report. <br /> <br />In response to an inquiry by Mr. Brozosky, Mr. Roush said there appeared to be no risk <br />to the City by virtue of the fact that Pleasanton is a member of the California Communities, <br />which is a joint powers of authority consisting of numerous cities, counties and special districts. <br />An organization that wishes to apply for this financing which is located within one of the member <br />agencies, the law requires that member agency to conduct a public hearing in case someone <br />within the community objected to the issuance of the bonds. By virtue of the way in which the <br />bonds are issued, there is an expectation and requirement that the proceeds would be spent for <br />the purposes for which it was issued. <br /> <br />Ms. McGovern said she supported the adoption of a resolution to approve the California <br />Statewide Communities Development Authority issuance of indebtedness based upon the fact <br />that the American Baptist Home of the West has expanded to include seniors regardless of <br />occupation and religious affiliations. She requested the record reflect that Council did not <br />believe it was responsible for indebtedness. <br /> <br />Mayor Hosterman opened the public hearing. There being no comments, the public <br />hearing was closed. <br /> <br />It was moved by Ms. McGovern, seconded by Mr. Brozosky, to adopt Resolution <br />05-088, a resolution approving a tax-exempt bond financing to be issued by the California <br />Statewide Communities Development Authority to benefit American Baptist Homes of the <br />West and certain affiliates. <br /> <br />The roll call vote was taken as follows: <br />AYES: Councilmembers - Brozosky, McGovern, Sullivan, Thorne, and Mayor <br />Hosterman <br />NOES: None <br />ABSENT: None <br />ABSTAINED: None <br /> <br />6b <br />Amendment to the Vinevard Avenue Corridor SDecific Plan Shared Infrastructure <br />Financina Proaram. (SR 05:340) <br /> <br />Mr. Brozosky recused himself from this matter, as he owns property within 500 feet. <br /> <br />Mr. Roush presented the staff report. <br /> <br />Pleasanton City Council <br />Minutes <br /> <br />15 <br /> <br />12/06/05 <br />