PUBLIC HEARING Adoption of a Resolution Approving the Issuance of Bonds by the California Municipal Finance Authority for the Benefit of MWLA Inc. (dba Turning Point School) to Refund Existing Debt. City of Culver City California Agenda Item Report Meeting Date: 10/25/10 CITY COUNCIL AGENDA ITEM: PUBLIC HEARING Adoption of a Resolution Approving the Issuance of Bonds by the California Municipal Finance Authority for the Benefit of MWLA Inc. (dba Turning Point School) to Refund Existing Debt. Contact Person/Dept.: Nick Kimball Senior Management Analyst Fiscal Impact: Yes X No General Fund: Yes X No Phone Number: 310 253 6013 Item Number: PH 1 Public Hearing: X Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ (Email) Meetings and Agendas City Council (10/20/10); Public Notification: (Newspaper) Notice printed in Culver City News (7/08/09); (Email) Turning Point School representatives (10/20/10). Department Approval: Jeff Muir Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (10/20/10) City Attorney Approval: Carol Schwab (by H. Baker) (10/19/10) City Manager Approval: John M. Nachbar (10/20/10) the public hearing under the City Council conduct RECOMMENDATION: the Staff recommends requirements of the Tax and Equity Fiscal Responsibility Act and the Internal Revenue Code of 1986 as amended; and approve the issuance of bonds by the California Municipal Financing Agency for the benefit of MWLA Inc. (dba Turning Point School) to provide project financing. PROCEDURE: 1. Mayor seeks motion from the City Council to receive and file the affidavits of publication and posting of notices and correspondence received in response to the public hearing notices; and 2. Mayor calls for a staff report and the City Council Members may pose questions to staff as desired; and 3. Mayor seeks a motion to open the public hearing; and 4. Mayor seeks motion to close the public hearing after all public testimony has been presented; and 5. City Cou...
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