Commission approves teleconference authorization, investment resolution and several consent items

The Commission on Community Investment and Infrastructure voted Tuesday to adopt routine and procedural measures that will keep agency operations on schedule.

Commissioners voted 3–0 (two members absent) to adopt resolution No. 43‑2021 authorizing continuation of teleconference meetings under California Government Code section 54953(e), citing the ongoing public‑health emergency and no change to the city’s health orders. Interim executive director Orth told the commission staff recommended the 30‑day continuation because the local health order remains unchanged.

On the consent calendar, the commission approved the Nov. 16, 2021 minutes (3 ayes, 2 absent). The commission also approved a first amendment to a personal services contract with BLX Group LLC to provide arbitrage rebate consulting, extending the term through Dec. 31, 2024 and increasing the contract by $17,955 to a not‑to‑exceed $134,345. John Daigle of the finance team explained arbitrage rebate reports are required by the IRS to reconcile investment earnings on bond proceeds and that consultants commonly perform the calculations and filings.

Separately, the panel adopted the state treasurer’s form resolution (Res. 42‑2021) authorizing investment of certain monies in the Local Agency Investment Fund (LAIF) and designating employees authorized to deposit and withdraw funds. Staff noted prior authorizations in 2007 and 2014 and cautioned that bond documents can constrain which bond funds are eligible for such investments.

All votes on these items were recorded by roll call; where commissioners were absent the secretary recorded them as such. The commission will reconvene Dec. 21, 2021.

The commission took these actions without substantive public comment on the items.