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________________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ July 24, 2017 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 <br /> <br />3. Hear public comment; <br />There were no speakers for this item. <br /> <br />4. Close public hearing; <br />M/S Gee/Aguirre to close the public hearing. Motion carried <br />unanimously by voice vote. <br /> <br />5. Council discussion; <br /> <br /> Recommendation: <br />1. Conduct a public hearing on the issuance of tax-exempt notes (the <br />2017 Notes) by the California Public Finance Authority (CalPFA) for <br />the benefit of Verity Health System of California, Inc. (Verity Health) in <br />an aggregate amount not to exceed $25,000,000 to finance and <br />refinance working capital needs of Verity Health for operating costs at <br />its headquarters located in the City of Redwood City and at health <br />care facilities in other communities in California operated by Verity <br />Health and its affiliates; <br />2. Adopt a resolution (Attachment 1) approving the issuance of the 2017 <br />Notes by CalPFA <br /> <br />RESOLUTION NO. 15611 OF THE CITY COUNCIL OF THE CITY OF <br />REDWOOD CITY APPROVING THE ISSUANCE OF THE CALIFORNIA <br />PUBLIC FINANCE AUTHORITY REVENUE NOTES (VERITY HEALTH <br />SYSTEM), SERIES 2017, IN ONE OR MORE SERIES IN AN AGGREGATE <br />PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000 FOR THE <br />PURPOSE OF FINANCING WORKING CAPITAL FOR THE OPERATIONS <br />OF VERITY HEALTH SYSTEM AND ITS AFFILIATES AND SUBSIDIARIES <br />AND CERTAIN OTHER MATTERS RELATING THERETO <br /> <br />M/S Gee/Borgens to conduct a public hearing on the issuance of tax-exempt <br />notes (the 2017 Notes) by the California Public Finance Authority (CalPFA) <br />for the benefit of Verity Health System of California, Inc. (Verity Health) in an <br />aggregate amount not to exceed $25,000,000 to finance and refinance <br />working capital needs of Verity Health for operating costs at its headquarters <br />located in the City of Redwood City and at health care facilities in other <br />communities in California operated by Verity Health and its affiliates and to <br />adopt a resolution (Attachment 1) approving the issuance of the 2017 Notes <br />by CalPFA. Motion carried unanimously by roll call vote. <br /> <br /> B. Request by Jay Paul Company to Initiate a General Plan Amendment <br />for the Harbor View Place Project (601) <br /> <br />1. Staff Report; <br />Aaron Aknin, Assistant City Manager and Community Development <br />Director presented the staff report. <br /> <br />2. Open public hearing; <br />Mayor Seybert opened the public hearing. <br />6.1.L. - Page 7