ACTION AGENDA
City of Carlsbad | City of Del Mar | City of Solana Beach | City of Escondido | City of San Marcos Board of Directors Adjourned Regular Meeting Agenda
January 13, 2022, 2:00 p.m.
City of Solana Beach|Virtual Meeting
Pursuant to Government Code Section 54953(3) (Assembly Bill 361), and in the interest of public health and safety, Clean Energy Alliance (CEA) is temporarily taking actions to prevent and mitigate the effects of the COVID-19 pandemic by holding CEA Joint Powers Authority meetings electronically or by teleconferencing. All public meetings will comply with public noticing requirements in the Brown Act and will be made accessible electronically to all members of the public seeking to observe and address the CEA Joint Powers Authority Board of Directors.
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https://thecleanenergyalliance.org/agendas-minutes/
or
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Members of the public can observe and participate in the meeting via Zoom by clicking:
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(253) 215-8782
Meeting ID: 813 7641 0530
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ACTION AGENDA
Clean Energy Alliance Adjourned Regular Board Meeting Action Agenda January 13, 2022
2 CALL TO ORDER: 2:02 p.m.
ROLL CALL: Board Members: Druker, Inscoe, Musgrove, Acosta, Chair Becker FLAG SALUTE: Chair Becker led the flag salute.
BOARD COMMENTS & ANNOUNCEMENTS: Board Member Acosta commented that she is now the primary representative to the CEA Board and shared her excitement on working with the Board.
PRESENTATIONS: None
PUBLIC COMMENT: None
New Business
Item 1: Consideration of Adoption of Resolution No. 2022-001 Approving Credit Agreement Amendment and Fee Agreement with JPMorgan Increasing the Line of Credit from $6MM to $15MM
RECOMMENDATION
1) Adopt Resolution No. 2022-001 approving credit agreement amendment with JPMorgan, in a form substantially as attached, increasing the line of credit from $6MM to $15MM and authorize the Chief Executive Officer to execute all documents, subject to Special and General Counsel approval; and 2) Approve related Fee Agreement with JPMorgan and authorize the Chief Executive Officer to execute all documents, subject to Special and General Counsel approval.
Board Member Druker recused himself from participating on this item due to a conflict of interest – the company he works with has a financial relationship with JPMorgan/Chase.
Member Druker left the virtual dias by muting his mic and exiting video.
Alternate Board Member Worden recused himself from participating on this item due to a conflict of interest – owning stock in JPMorgan and left the virtual dias by muting his mic and exiting video.
ACTION: Approved unanimously, 4/0
ACTION AGENDA
Clean Energy Alliance Adjourned Regular Board Meeting Action Agenda January 13, 2022
3 BOARD MEMBER REQUESTS FOR FUTURE AGENDA ITEMS: Chair Becker requested that election of a new Vice Chair be placed on the next agenda.
Member Musgrove requested that the term of service for Chair and Vice Chair be added to CEA JPA bylaws.
ADJOURN: Chair Becker adjourned the meeting at 2:47 p.m.