City Council and Brea Public Financing Authority Agenda Tuesday, May 18, 2021 6:15 p.m. - Closed Session 7:00 p.m. - General Session
Steven Vargas, Mayor Cecilia Hupp, Mayor Pro Tem Christine Marick, Council Member Glenn Parker, Council Member Marty Simonoff, Council Member
This agenda contains a brief general description of each item Council will consider. The City Clerk has on file copies of written documentation relating to each item of business on this Agenda available for public inspection. Contact the City Clerk’s Office at (714) 990-7756 or view the Agenda and related materials on the City’s website at www.cityofbrea.net. Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet are available for public inspection in the City Clerk’s Office at 1 Civic Center Circle, Brea, CA during normal business hours. Such documents may also be available on the City’s website subject to staff’s ability to post documents before the meeting. Procedures for Addressing the Council This meeting is being conducted consistent with Governor Newsom’s Executive Order N-29-20 dated March 17, 2020, regarding the COVID-19 pandemic. Written comments may be sent to the City Clerk's Office at cityclerksgroup@cityofbrea.net no later than 12:00 p.m. on Tuesday, May 18, 2021. Any comments received via email will be summarized aloud into the record at the meeting. To provide comments in person, the Council Chambers will be open to a limited number of members from the public in observance of social distancing guidelines. Masks and temperature checks are required. Based on capacity, the public may be required to cycle in and out of the Chambers as to provide everyone in attendance an opportunity to address the Council. To provide comments by teleconference (Zoom), members of the public must contact City Staff at (714) 990-7756 or cityclerksgroup@cityofbrea.net no later than 12:00 p.m. on Tuesday, May 18, 2021 to obtain the Zoom Meeting ID number and password. Teleconference participants will be muted until recognized at the appropriate time by the Council. The meeting will also be broadcast live at www.cityofbrea.net. Special Accommodations In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office at (714) 990-7757. Notification 48 hours prior to the meeting will enable City staff to make reasonable arrangements to ensure accessibility. (28 CFR 35.102.35.104 ADA Title II) Important Notice The City of Brea shows both live broadcasts and replays of City Council Meetings on Brea Cable Channel 3 and over the Internet at www.cityofbrea.net. Your attendance at this public meeting may result in the recording and broadcast of your image and/or voice as previously described.
ADMINISTRATIVE ITEMS - This agenda category is for City Council consideration of a wide variety of topics related to the City's operations. Public comments regarding items in this section should be presented during "Matters from the Audience."
13. Issuance of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds (Solar And Energy Efficiency Projects) to Refund the Brea Public Financing Authority’s outstanding 2010 Lease Revenue Bonds (Solar and Energy Efficiency Projects) - Adopt Resolution No. 2021-027 to approve the issuance and sale of the refunding lease revenue bonds by the Brea Public Financing Authority and approve related documents and actions. Based on current market conditions, subject to change, the refunding of the 2010 Bonds is projected to provide gross savings of approximately $842,097, or an average annual savings of estimated at $56,194. The 2021 Bonds have a projected 16.81% net present value savings to the City’s General Fund.
14. Issuance of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds (Solar and Energy Efficiency Projects) to refund the Brea Public Financing Authority’s outstanding 2010 Lease Revenue Bonds (Solar and Energy Efficiency Projects) - Adopt Resolution No. A 2021-01 to authorize the issuance and sale of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds and approve related documents and actions. Based on current market conditions, the refunding of the 2010 Bonds is projected to provide gross savings of approximately $842,907, or an average annual savings of approximately $56,194. The 2021 Bonds have a projected 16.81% net present value savings to the City’s General Fund.
15. May 4, 2021 City Council Regular Meeting Minutes - Approve.
16. Amendment and Novation Agreement and Authorization to Examine Sales and Use Tax Records from the California Department of Tax and Fee Administration - Approve the amendment and novation agreement with Avenu Insights and MuniServices, LLC and adopt Resolution No. 2021-028, authorizing Examination of Sales and Use Tax Records. There is no fiscal impact to the General Fund.
17. Outgoing Payment Log and May 7 and 14, 2021 City Disbursement Registers - Receive and file.
City Council and Brea Public Financing Authority Agenda Tuesday, May 18, 2021 6:15 p.m. - Closed Session 7:00 p.m. - General Session
Steven Vargas, Mayor Cecilia Hupp, Mayor Pro Tem Christine Marick, Council Member Glenn Parker, Council Member Marty Simonoff, Council Member
This agenda contains a brief general description of each item Council will consider. The City Clerk has on file copies of written documentation relating to each item of business on this Agenda available for public inspection. Contact the City Clerk’s Office at (714) 990-7756 or view the Agenda and related materials on the City’s website at www.cityofbrea.net. Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet are available for public inspection in the City Clerk’s Office at 1 Civic Center Circle, Brea, CA during normal business hours. Such documents may also be available on the City’s website subject to staff’s ability to post documents before the meeting. Procedures for Addressing the Council This meeting is being conducted consistent with Governor Newsom’s Executive Order N-29-20 dated March 17, 2020, regarding the COVID-19 pandemic. Written comments may be sent to the City Clerk's Office at cityclerksgroup@cityofbrea.net no later than 12:00 p.m. on Tuesday, May 18, 2021. Any comments received via email will be summarized aloud into the record at the meeting. To provide comments in person, the Council Chambers will be open to a limited number of members from the public in observance of social distancing guidelines. Masks and temperature checks are required. Based on capacity, the public may be required to cycle in and out of the Chambers as to provide everyone in attendance an opportunity to address the Council. To provide comments by teleconference (Zoom), members of the public must contact City Staff at (714) 990-7756 or cityclerksgroup@cityofbrea.net no later than 12:00 p.m. on Tuesday, May 18, 2021 to obtain the Zoom Meeting ID number and password. Teleconference participants will be muted until recognized at the appropriate time by the Council. The meeting will also be broadcast live at www.cityofbrea.net. Special Accommodations In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office at (714) 990-7757. Notification 48 hours prior to the meeting will enable City staff to make reasonable arrangements to ensure accessibility. (28 CFR 35.102.35.104 ADA Title II) Important Notice The City of Brea shows both live broadcasts and replays of City Council Meetings on Brea Cable Channel 3 and over the Internet at www.cityofbrea.net. Your attendance at this public meeting may result in the recording and broadcast of your image and/or voice as previously described.
ADMINISTRATIVE ITEMS - This agenda category is for City Council consideration of a wide variety of topics related to the City's operations. Public comments regarding items in this section should be presented during "Matters from the Audience."
13. Issuance of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds (Solar And Energy Efficiency Projects) to Refund the Brea Public Financing Authority’s outstanding 2010 Lease Revenue Bonds (Solar and Energy Efficiency Projects) - Adopt Resolution No. 2021-027 to approve the issuance and sale of the refunding lease revenue bonds by the Brea Public Financing Authority and approve related documents and actions. Based on current market conditions, subject to change, the refunding of the 2010 Bonds is projected to provide gross savings of approximately $842,097, or an average annual savings of estimated at $56,194. The 2021 Bonds have a projected 16.81% net present value savings to the City’s General Fund.
14. Issuance of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds (Solar and Energy Efficiency Projects) to refund the Brea Public Financing Authority’s outstanding 2010 Lease Revenue Bonds (Solar and Energy Efficiency Projects) - Adopt Resolution No. A 2021-01 to authorize the issuance and sale of the Brea Public Finance Authority 2021 Refunding Lease Revenue Bonds and approve related documents and actions. Based on current market conditions, the refunding of the 2010 Bonds is projected to provide gross savings of approximately $842,907, or an average annual savings of approximately $56,194. The 2021 Bonds have a projected 16.81% net present value savings to the City’s General Fund.
15. May 4, 2021 City Council Regular Meeting Minutes - Approve.
16. Amendment and Novation Agreement and Authorization to Examine Sales and Use Tax Records from the California Department of Tax and Fee Administration - Approve the amendment and novation agreement with Avenu Insights and MuniServices, LLC and adopt Resolution No. 2021-028, authorizing Examination of Sales and Use Tax Records. There is no fiscal impact to the General Fund.
17. Outgoing Payment Log and May 7 and 14, 2021 City Disbursement Registers - Receive and file.