cc19July2022 – Special Meeting- sl/prc
RICHMOND, CALIFORNIA, July 19, 2022
Community Services Building
440 Civic Center Plaza
Richmond, CA 94804
_____________________________________________________________________
A. SPECIAL COUNCIL MEETING OF THE RICHMOND CITY COUNCIL The Special Meeting of the Richmond City Council was called to order at 4:00 p.m. by Mayor Thomas K. Butt via teleconference.
B. ROLL CALL
Present: Councilmembers Claudia Jimenez, Demnlus Johnson III, Gayle McLaughlin, Melvin Willis, and Mayor Thomas K. Butt. Absent: Councilmember Nathaniel Bates and Vice Mayor Eduardo Martinez arrived after the roll was called.
C. STATEMENT OF CONFLICT OF INTEREST
None.
D. PUBLIC COMMENT - LIMITED TO ITEMS ON THE AGENDA ONLY There were no public speakers via teleconference.
E. NEW BUSINESS
E.a Mandatory Disclosure Training on Issuance of Taxable Pension Refunding Bonds, Series 2022 ("2022 Refunding Bonds")
RECEIVE Mandatory Disclosure Training – Finance Department (Delmy Cuellar 510-620-6740).
Municipal Advisor Mark Northcross of NHA Advisors introduced the matter.
Disclosure Counselor Kim Byrens of Best, Best & Krieger Attorneys at Law conducted the training by presenting a PowerPoint that highlighted the following:
overview of disclosure; anti-fraud regulations; preliminary and final official statements; duty of public officials; continuing disclosure agreement; consequences of violation and enforcement actions; California Debt and Investment Advisory Commission disclosure requirements; and disclosures during the Covid-19 pandemic. Discussion ensued. The council requested a memorandum be included with bond issuance documents that identified the most important parts for the council to review. The council suggested that a disclosure be made regarding the city's existing state audit.
F. ADJOURNMENT
There being no further business, the meeting adjourned at 4:59 p.m.
Clerk of the City of Richmond Mayor