PFC 04-17-2012 (Official)
OFFICIAL MINUTES
CUPERTINO PUBLIC FACILITIES CORPORATION MEETING
Regular Meeting
Tuesday, April 17, 2012
At 9:39 p.m. President Mark Santoro called the regular meeting to order in the Council Chamber,
10350 Torre Avenue, Cupertino, California.
ROLL CALL
Present: President Mark Santoro, Vice President Orrin Mahoney, and Directors Barry Chang,
and Rod Sinks. Absent: Gilbert Wong.
CONSENT CALENDAR
Chang moved and Mahoney seconded to adopt the Consent Calendar as recommended. The
motion carried with Wong being absent. Ayes: Chang, Mahoney, Santoro, and Sinks. Noes:
None. Abstain: None. Absent: Wong
1. Subject: Appoint Cupertino Public Facilities Corporation Board of Directors
Recommended Action: Adopt Resolution No. 12-01 appointing Cupertino City Council
members as Directors of the Cupertino Public Facilities Corporation and directing that all
future members of the Cupertino Public Facilities Corporation are to be Cupertino City
Council members
Description: The Mayor, Vice Mayor, and City Clerk are the President, Vice President, and
Secretary, respectively, of the Cupertino Public Facilities Corporation.
2. Subject: September 16, 2002 Cupertino Public Facilities Corporation minutes
Recommended Action: Approve minutes
3. Subject: Approve Refinancing of City Debt
Recommended Action:
1) Adopt Resolution No. 12-02 approving the form and authorizing the execution of certain
lease financing documents in connection with the offering and sale of certificates of
participation relating thereto to refinance the City of Cupertino’s outstanding certificates of
participation (2002 Refinancing and Capital Improvement Project), and authorizing and
directing certain actions with respect thereto
2) Amend the Corporation’s 2011-12 budget in order to record the one-time sources and uses
of funds needed to accomplish the debt refinancing
Description: This is a companion report to the action being considered by the City Council
tonight
ADJOURNMENT
At 9:43 p.m., the meeting was adjourned.
____________________________
Kirsten Squarcia, Recording Secretary
Staff reports, backup materials, and items distributed at the City Council meeting are available
for review at the City Clerk’s Office, 777-3223, and also on the Internet at www.cupertino.org.
Click on Agendas & Minutes, then click on the appropriate Packet.
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click Archived Webcast. Videotapes are available at the Cupertino Library, or may be purchased
from the Cupertino City Channel, 777-2364.