Item No. 07.A.
Item No. 09.O.
1994-1Community
FacilitiesDistrict
PrepaymentandDefeasance
JaimeBoscarino, FinanceDirector
June18, 2024
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Item No. 12.A.
1994-1CommunityFacilitiesDistrict
In 1994 property owners of Janss Marketplace (Marketplace) petitionedCityto formDistrict (6 parcels, 2 propertyowners) CityCouncilapprovedcreationof District
City Council approved issuanceof tax-exempt debt to
fundconstructionof publicimprovements
Parkingstructure
Pedestrianwalkways
Propertyownersvotedto accepta continuingpropertyliento
secureannualspecialtaxlevyto paydebt
DebtIssued
1994SpecialTaxBonds
Refinancedin 2012
2012SpecialTaxRefundingBonds
MatureSeptember2031
12,685,000outstandingprincipal
Next principaland interestdate September1, 2024
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Managementof PublicFacilities
Additional agreementsin place for public improvementsat JanssMarketplace
Cityleasedlandfrompropertyowner
Leaseagreementrunsthrough2050
CityretainedMarketplaceto manage
Automaticallyrenewseveryfiveyearswithlastrenewalin 2020 Agreementsrequirepublicuseof facilities
PrepaymentRequest
Property owners intend to prepay their specialtaxes in full toextinguish (defease) the bonds and releasethe specialtax lienrecordedon theproperty
Payingoff the bondsreleasesfederaltax law restrictionson Districtfinancedimprovements
Propertyownershaveenteredinto a depositagreementto fund costsassociatedwiththeprepayment
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CityActions
ResolutionauthorizesCityManageror FinanceDirectorto takeall actionsrelatedto prepaymentof special taxes and defeasanceof bondsincluding:
Acceptprepaymentfrompropertyowners
AppointBankof NewYorkMellonTrustCompanyasescrowagent
ExecuteEscrowDepositandTrustAgreement
AppointCauseyDemgenandMooreasescrowverificationagent
Recordcancellationsof specialtaxlien
PrepaymentProcess
Prepaymentdepositedin escrowwithallDistrictfundsnot needed forAdministrativecosts
Moneysin escrowdefeasebondobligations
Propertylienusedto securespecialtaxlevywillbereleased
Bondswill be calledwith fundsin escrowon next interest
paymentdate (September1, 2024)
FY 2023-24 specialtax apportionmentdelayedfor one
propertyowner
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Recommendations
1. AdoptResolutionprovidingfor theacceptanceof prepaymentsof thespecialtaxesleviedin the 1994-1 CommunityFacilitiesDistrict andprovidingfor thedefeasanceof the2012SpecialTaxRefundingBonds
2. Findthat this actionis not a projectas definedunderthe CaliforniaEnvironmentalQualityAct (CEQA).
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Councilon Aging
AnnualReport
FY2023-24
Presentedby:
PatriciaLownes,
ChairTomNeary, ViceChair
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Item No. 13.A.
Councilon AgingAnnualReport
PresenterTopicMonth
NoelDoran, AssistantCityAttorney, Cityof ThousandOaksBrownActOverviewSeptember AlexandraSouth, StrategicCommunicationsandPublicAffairs Director
CityCommunicationsOctober
TimDuerr, ConejoRecreationandParkDistrictandJulieSpivack, ConejoSeniorVolunteerProgram
ConejoRecreationParkDistrictNovember
MikeHouser, TransitManager, Cityof ThousandOaks, Tyler
Nestved, AssistantTransitPlanner
Cityof ThousandOaksTransitDecember
AkbarAlikhan, DeputyCityManager & MelissaHurtado, Assistant to theCityManager, Cityof ThousandOaks
CivicArtsPlazaMasterPlanJanuary
JenniferPatterson, LibraryServicesDirector, Cityof Thousand Oaks
ThousandOaksLibraryFebruary
JohnBrooks, SustainabilityClimateandEnvironmentalActionPlanMarch AndreaGallagher, ExecutiveDirectorSeniorConcernsApril
May
RobinBritt, ExecutiveDirectorCommunityConscienceJune
Councilon AgingAnnualReport
Highlights
Proclaimedthemonthof MayasOlder
AmericansMonthat theMay7, 2024
CityCouncilmeeting
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Councilon AgingOutreach
Communications
Revampedflyers, updated monthly
meetingnotices, increasedsocialmedia
presence, and createda promotional
video
NationalHealth & FitnessDay
Created an informational video
promoting a healthy lifestyle and
encouragingolder adults to use the
outdoor fitnessequipmentlocated at
theGoebelAdultCommunityCenter
Councilon AgingOutreach
2024CSVPWellnessFestival
Hosteda booth at the Resourceand
Informationfair
Theme: Launch Yourself to Better
Health
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Councilon AgingCommittees
City of ThousandOaksResourceGuidefor
Older Adults
TheCOAcreatedthe 30-page directory
whichprovidesinformationon
communityresources, suchasadultday
programs, housingsupports, food
pantries, andcaregivingservices
It isavailablein largeprintandon the
City’swebsiteat toaks.co/olderadults
Almost1,000printedcopieshavebeen
distributed
Councilon AgingAnnualReport
LiaisonPositions
VenturaCountyAreaAgencyonAging (VCAAA) –
ChairPatriciaLownesand
ResidentRepresentativesappointedbyCityCouncil,
StephanieBelding.
GoebelCenterCommission (GSCC) –
CommissionerJimBrunoandCommissioner
MaryJaneTaintor
ConejoSeniorVolunteerProgram (CSVP) –
CommissionerGailGinelland
CommissionerNiveditaVaidya
CommunityConscience –ViceChairNeary
CaliforniaSeniorLegislature (CSL) –
CommissionerTonyGitt
SeniorConcerns –CommissionerTonyGitt
andCommissionerDorothyHatfield
ManyMansions –CommissionerDorothyHatfield
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9 Item No. 12.B.