PFC 09-15-2020 (Special)
APPROVED MINUTES
CUPERTINO PUBLIC FACILITIES CORPORATION
Tuesday, September 15, 2020
SPECIAL MEETING OF THE CUPERTINO
PUBLIC FACILITIES CORPORATION
At 12:13 a.m. on Wednesday, September 16, Vice Chair Darcy Paul called the Special
Cupertino Public Facilities Corporation meeting to order. This was a teleconference meeting
without a physical location.
ROLL CALL
Present: Chair Steven Scharf, Vice Chair Darcy Paul, and Board members Liang Chao, Rod
Sinks, and Jon Robert Willey. Absent: None. All Board members teleconferenced for the
meeting.
CONSENT CALENDAR
Sinks moved and Scharf seconded to approve the items on the Consent Calendar as presented.
Ayes: Scharf, Paul, Chao, Sinks, and Willey. Noes: None. Abstain: None. Absent: None.
1. Subject: Approve the April 17, 2012 Public Facilities Corporation minutes
Recommended Action: Approve the April 17, 2012 Public Facilities Corporation
minutes
2. Subject: Approve the January 19, 2016 Public Facilities Corporation minutes
Recommended Action: Approve the January 19, 2016 Public Facilities Corporation
minutes
3. Subject: Approve the July 5, 2017 Public Facilities Corporation minutes
Recommended Action: Approve the July 5, 2017 Public Facilities Corporation minutes
ORDINANCES AND ACTION ITEMS
Cupertino Public Facilities Corporation Minutes September 15, 2020
Page 2
4. Subject: Authorizing the execution and delivery of documents relating to the sale and
delivery of the City of Cupertino's 2020A Certificates of Participation (“Certificates”) to
refinance the City's outstanding Certificates of Participation (2012 Refinancing Project)
(“2012 Certificates” or “Refunded Certificates”) for debt service savings and
authorizing related actions.
Recommended Action: Adopt Resolution No. 20-01 of the Board of Directors of the
Cupertino Public Facilities Corporation authorizing the execution and delivery of
documents relating to the sale and delivery of 2020A Certificates of Participation in a
principal amount not to exceed $27 million and authorizing and directing certain
actions in connection therewith.
Scharf moved and Paul seconded to Adopt Resolution No. 20-01 of the Board of
Directors of the Cupertino Public Facilities Corporation authorizing the execution and
delivery of documents relating to the sale and delivery of 2020A Certificates of
Participation in a principal amount not to exceed $27 million and authorizing and
directing certain actions in connection therewith. The motion carried unanimously.
ADJOURNMENT
At 12:17 a.m., on Wednesday, September 16, the Chair adjourned the meeting.
/s/Kirsten Squarcia___________________
Kirsten Squarcia, Recording Secretary