HomeMy WebLinkAboutCC_2021-06-22 City Council Special Meeting MinutesAGENDA NO: A-1
MINUTES - MORRO BAY CITY COUNCIL
SPECIAL MEETING -- JUNE 22, 2021
TELECONFERENCE — 3:30 P.M.
MEETING DATE: September 14, 2021
City Council conducted this meeting in accordance with Section 3 of California Governor
Newson's Executive Order N-29-20 issued on March 17, 2020 in response to the present State
of Emergency in existence due to the threat of COVID-19. This meeting was held via
teleconference for all participants.
PRESENT:
John Headding
Dawn Addis
Laurel Barton
Robert Davis
Jeff Heller
ABSENT: None
STAFF:
Scott Collins
Dana Swanson
Chris Neumeyer
Anita Luck
Katie Lichtig
Greg Kwolek
Rob Livick
Alex Handlers
Kyle Rohrer
ESTABLISH QUORUM AND CALL TO ORDER
Mayor
Council Member
Council Member
Council Member
Council Member
City Manager
City Clerk
City Attorney
Special Counsel
Interim Finance Director
Public Works Director
City Engineer
Bartle Wells Associates
WRF Program Manager, Carollo Eng.
Mayor Headding established a quorum and called the meeting to order at 3:30
members present.
PUBLIC COMMENT FOR ITEMS ON THE AGENDA
https://youtu.be/UZ8PaneYmMl?t=139
Mayor Headding opened public comment.
Betty Winholtz, Morro Bay, raised questions several regarding Item II.
The public comment period was closed.
SPECIAL MEETING AGENDA ITEM:
p.m.
with all
I. APPROVAL OF A THREE YEAR AGREEMENT \AITH THE CHAMBER OF COMMERCE FOR
THE CHAMBER TO PROVIDE ECONOMIC DEVELOPMENT SERVICES ON BEHALF
OF THE CITY; (CITY MANAGER)
https://youtu.be/UZ8PaneYmMl?t=397
City Manager Collins and Morro Bay Chamber of Commerce President/CEO, Erica
Crawford, provided the report and responded to Council inquiries. Mr. Collins noted a
correction in Section 2 on Page 2 of the Agreement should read "ninety -thousand dollars."
MOTION: Council Member Addis moved to approve the agreement with the Morro
Bay Chamber of Commerce for the provision of economic development services with the
change to the written contract amount to read "ninety -thousand dollars" on page 2 of the
agreement. The motion was seconded by Council Member Heller and carried 5-0 by roll
call vote.
II. ADOPTION OF RESOLUTION NO. 39-21 APPROVING A GRANT AND
CONSTRUCTION INSTALLMENT SALE AGREEMENT, AND AMENDMENTS TO THE
PLANNING LOAN WITH THE CALIFORNIA STATE WATER RESOURCES CONTROL
BOARD FROM THE STATE REVOLVING LOAN PROGRAM TO FINANCE A PORTION
OF THE WATER RECLAMATION FACILITY PROJECT; (FINANCE DEPARTMENT
/PUBLIC WORKS DEPARTMENT/SPECIAL COUNSEL/BARTEL WELL ASSOCIATES)
https://youtu.be/UZ8PaneYmMl?t=3564
Interim Finance Director Lichtig presented the report and along with Special Council Luck,
City Engineer Livick, and Independent Public Finance Advisor Handlers, responded to
Council questions.
MOTION: Mayor Headding moved to adopt Resolution No. 39-21 approving
proceedings to finance the construction of the WRF Project from the proceeds of a
construction installment sale agreement and grant between the City of Morro Bay and the
California State Water Resources Control Board; authorizing and/or ratifying various
amendments to the City's Planning Loan with the State Board and authorizing certain
actions in connection therewith; and authorizing staff to pursue bridge financing for the
project in order to meet cash flow requirements. Specifically, City Council approval of
Resolution No. 39-21 authorizes the following items:
1. Approves the Grant and Construction Installment Sale Agreement between the City of
Morro Bay and the California State Water Resources Control Board in the aggregate
principal amount not to exceed $85,000,000.
2 Approves the execution and delivery of related documents, certificates and items
needed for the financing.
3. Authorizes and/or ratifies one or more amendments to the Planning Loan to adjust the
payment start dates, reset the interest rate, and adjust amortization/payment periods
consistent with the Construction Installment Sale Agreement. The principal amount
is $10, 305, 298.03.
4. Authorizes the City Manager and other authorized officers to make amendments or
changes to the Construction Installment Sale Agreement and amend the Planning
Loan as necessary to accomplish the purposes of the Resolution and the financing.
5. Authorizes staff to work with Bartle Wells Associates, Independent Public Finance
Advisors, to explore a cost-effective means of managing cashflow for the remainder of
this project's construction.
The motion was seconded by Council Member Addis and carried 5-0 by roll call vote.
ADJOURNMENT
The meeting adjourned at 5:15 p.m.
Recorded by:
Dana Swanson
City Clerk
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MINUTES - MORRO BAY SPECIAL CITY COUNCIL MEETING - JUNE 22, 2021