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8A <br /> Page 11 <br /> Kevin Starr Receives League Lifetime Achievement Award <br /> State Librarian Emeritus Kevin Starr was honored at Friday's closing general session with the <br /> League's Lifetime Achievement Award.Each year�an honoree is selected by the League's past <br /> presidents. Former San Diego City Council Member and League Immediate Past President Jim <br /> Madaffer presented Starr with fhe award. <br /> Author of numerous books on California's past�Starr is currently a professor of history at the <br /> University of Southem California. ' <br /> Starr's remarks focused on how California's cities have piayed a significant role in shaping the <br /> golden state from the Gold Rush through today.Cities provide vital lifeblood for the state,Starr <br /> told the audience. <br /> Next Year's Annual Conference <br /> The League's 112th Annual Conference is scheduled for Sept. 15-18,2010 in San Diego. <br /> Registration will open in May 2010. <br /> 'Prop.1A'Continued from Page 9... <br /> L.ocal agencies had been waiting for the rate to be announced as they prepared to make a <br /> decision on whether to elect to accept the interest rate and await repayment by the state,or opt to <br /> securitize the amount via sale through Califomia Communities. Please see the Aug.7 issue of <br /> Clfy Advocate Weekly for"California Communities Establishes Prop. 1A Securitization Program:' <br /> http•I/www cacities orct/resource files/28244.Auq7.pdf <br /> The announcement of the interest rate by DOF provides cfarity on this matter for local agencies. <br /> The potential,however,for a successful securiEiza�on process through California Communities <br /> remains unsektied.The Legislature has yet to reconvene to pass SB 67,which contains critical <br /> clean up language necessary for a successful securitization.The Legislature is anticipated to <br /> return on Oct. 13,but that date is not yet official.The Sept.4 issue of Cfty Advocare Weekly <br /> includes information vn SB 67. Please see"Budget Clean-Up Expected on Prop. 1A <br /> Securitization, HUTA Deferral and Redevelopment." <br /> http•//www cacities orqlresource flles/28290.Sept4.adf <br /> The 2 percent repayment rate announced by DOF is quite a bit lower�han what was thought to be <br /> necessary for many loca{agencies to elect to await the state's repayment in 2013.This rate, <br /> however,is based in part upon the recent favorable rates obtained by the state for issuing <br /> Revenue Anticipation Notes ranging between (1.25-'[.50 percent). It remains to be seen how the <br /> rate offered to local agencies by DOF will affect demand by local agencies to securitize the <br /> amoun#. <br /> 'Bills'Continued from Page 1... <br /> The first 10 bills are priority legislation iden#ifled by the League's lobbying team.City officials are <br /> urged to submit letters to the Gavernor on these bills. <br /> The League's letters and sample Ietters for priority bills can be found on the League's Web site at <br /> www.cacities.org/billsearch.Type the bill number into the search box to access the letters. <br /> Please fax all letters to the Office of the Govemor at(91fi)558-3160 and the League of California <br /> Cities at(916)658-8240. <br /> Top PrioMty Bills <br /> AB 566(Nava)Mobile home parks:conversion.REQUEST SIGNATURE.Enables cities to <br /> consider the level of support among residents when deciding whether to approve or disapprove <br /> the conversion of a mobile home park to resident ownership.Conversions have different effects <br /> 4 <br />