The Parking Authority of the City of Scotts Valley will consider amendments to the Scotts Valley Public Authority Joint Powers Agreement, including adding the Parking Authority and withdrawing the Successor Agency of the Scotts Valley Redevelopment Agency. The proposed amendments aim to refinance the City's 2003 and 2013 Certificates of Participation Issues, which may result in significant savings for the City's General Fund.
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Summary
The Parking Authority of the City of Scotts Valley will consider amendments to the Scotts Valley Public Authority Joint Powers Agreement, including adding the Parking Authority and withdrawing the Successor Agency of the Scotts Valley Redevelopment Agency. The proposed amendments aim to refinance the City's 2003 and 2013 Certificates of Participation Issues, which may result in significant savings for the City's General Fund.