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   Agenda
CALLTO ORDER:
ROLLCALLBY CITY CLERK
 
PLEDGE OFALLEGIANCE INVOCATION
CONSENTAGENDA
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1.       ApproveFinancingAuthorityMinutesofDecember18,2012andNovember 18,2014
 
NEWBUSINESS
 
2.       DiscussionandanynecessaryactionregardingtheissuancebytheElCentro FinancingAuthorityof Hospital Revenue RefundingBonds (El Centro Regional MedicalCenterProject),Series2015AandHospitalRevenueRefunding Bonds,Series2015Btoassistinfinancingandrefinancingofcertainpublic capital improvements for thebenefit oftheElCentro Regional Medical Center
 
PRESENTATION:      ALEXWELLS, CHIEFFINANCIAL OFFICER,ECRMC
 
RECOMMENDATION:
 
 E XE C UTIVE DIR E C TOR ’ SR E C OMMEND ATION:
 
ApprovetheissuancebytheElCentroFinancingAuthority(the“Authority”)of HospitalRevenueRefundingBonds(ElCentroRegionalMedicalCenterProject), Series 2015A(the“Series2015ABonds”)andHospitalRevenueRefundingBonds (ElCentroRegionalMedicalCenterProject),Series2015B(the“Series2015B Bonds”and,togetherwiththeSeries2015ABonds,the“Series2015Bonds”)by adoptingthefollowing:
 
a)      AdoptResolutionNo.FA15-RESOLUTIONOFTHEGOVERNING BOARDOFTHEELCENTROFINANCINGAUTHORITYAUTHORIZINGTHE ISSUANCEOFNOTTOEXCEED$25,000,000AGGREGATEPRINCIPALAMOUNTOF ITSHOSPITALREVENUEREFUNDINGBONDS(ELCENTROREGIONALMEDICAL CENTERPROJECT) SERIES2015AANDNOT TOEXCEED$25,000,000AGGREGATE PRINCIPALAMOUNTOFITSHOSPITALREVENUEREFUNDINGBONDS(EL CENTROREGIONALMEDICALCENTERPROJECT)SERIES2015B;APPROVINGA TRUSTAGREEMENT,ANINSTALLMENTPURCHASEAGREEMENTAND AUTHORIZINGTHETAKINGOFCERTAINACTIONSINCONNECTIONTHEREWITH.
 
TheproceedsofthesaleoftheSeries2015Bondswillbeusedtofinanceand/or refinancecertainpubliccapitalimprovementsforthebenefitoftheElCentro RegionalMedicalCenter(the“MedicalCenter”),includingtherefundingofthe Authority’soutstandingInsuredHospitalRevenueBonds(ElCentroRegional MedicalCenterProject),Series2001(the“RefundedBonds”)andanoutstanding loan fromRabobank,N.A.(“Rabobank”) to the Medical Center.
 
 
PUBLICCOMMENTS
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ADJOURNMENT
 
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