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HomeMy WebLinkAbout08/13/2019 - Special MeetingNewport Beach Public Facilities Corporation Annual Meeting August 13, 2019 A. ROLL CALL - 4:00 p.m. Present: Director Brad Avery, Director Joy Brenner (arrived at 4:02 p.m.), Director Diane Dixon, Director Jeff Herdman, Director Kevin Muldoon, Vice Chairman Will O'Neill, Chairman Duffy Duffield B. PUBLIC COMMENTS ON AGENDA AND NON -AGENDA ITEMS - None C. ELECTION OF OFFICERS Motion by Director Herdman, seconded by Director O'Neill, to elect Mayor Diane Dixon as Chairperson of the NBPFC, Mayor Pro Tem Will O'Neill as the Vice Chairperson of the NBPFC, and the Council Members as the NBPFC's Board of Directors for the 2019-2020 fiscal year. The motion carried unanimously. D. APPROVAL OF MINUTES 1. Minutes of the August 14, 2018 Public Facilities Corporation Meeting Motion by Director Herdman, seconded by Vice Chairman O'Neill, to waive reading of subject minutes, approve as written, and order filed. The motion carried unanimously. E. CURRENT BUSINESS 2. Review of Annual Financial Statements Chief Financial Officer Matusiewicz and Senior Accountant Power announced that the NBPFC is required to meet once per year, discussed the purpose of the NBPFC, and reviewed the outstanding Certificates of Participation (COP) and the NBPFC's financial activity over the year. Motion by Vice Chairman O'Neill seconded by Director Herdman, to receive and file the Annual Financial Statements. The motion carried unanimously. F. ADJOURNMENT - 4:05 p.m. The agenda was posted on the City's website and on the City Hall electronic bulletin board located in the entrance of the City Council Chambers at 100 Civic Center Drive on August 9, 2019, at 4:00 p.m. •.'� O Chair WVW u - z Secretary c��iFonN�P PFC 2019 - Page 1