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HomeMy WebLinkAbout03/03/2020 - Special Meeting ARCADIA CITY COUNCIL SPECIAL MEETING MINUTES TUESDAY, MARCH 3, 2020 CALL TO ORDER - Mayor Verlato called the Special Meeting to order at 5:31 p.m. in the City Council Chamber, 240 W. Huntington Drive, Arcadia, California. ROLL CALL OF CITY COUNCIL MEMBERS PRESENT: Amundson, Beck, Tay, Chandler, and Verlato ABSENT: None PUBLIC COMMENTS - No one appeared. STUDY SESSION (OPEN TO THE PUBLIC) a. Report, discussion, and direction regarding the design and funding for an Anita Baldwin Statue at Santa Clara and Huntington Drive. Alfred Paredes, sculptor, provided a miniature sculpture and various designs of the Anita Baldwin Statue. A motion was made by Mayor Pro Tern Chandler and seconded by Council Member Beck to proceed with a seated version of the Anita Baldwin statue, and proceed to work on fundraising efforts in order to allow for the fabrication and installation of the statue. The motion passed with the following roll call vote: AYES: Chandler, Beck, Amundson, Tay, and Verlato NOES: None ABSENT: None b. Report, discussion, and direction regarding the Judicial Validation Process/Issuance of Pension Obligation Bonds. Brian Forbath of Stradling Yocca Carlson & Rauth and Julio Morales, Managing Director of Urban Futures Inc., presented a PowerPoint Presentation. A motion was made by Mayor Pro Tern Chandler and seconded by Council Member Tay to direct City staff and bond counsel to prepare documentation pertaining to the issuance of Pension Obligation Bonds, which would include the initiation of a judicial validation process for issuance of such bonds. The motion passed with the following roll call vote: AYES: Chandler, Tay, Amundson, Beck, and Verlato NOES: None ABSENT: None The Special Meeting ended at 6:46 p.m. Ma, 2r o -e City of Arcadia ATTEST: Assistant City Clerk