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HomeMy WebLinkAbout2004-10-28 FA Regular Meeting Agenda POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, OCTOBER 28, 2004 CIVIC CENTER COUNCIL CHAMBER I. CALL TO ORDER II. ROLL CALL III. CONSENT CALENDAR ALL MATTERS LISTED ON THE CONSENT CALENDAR ARE CONSIDERED TO BE ROUTINE AND WILL BE ENACTED BY ONE ROLL CALL VOTE. THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS MEMBERS OF THE FINANCING AUTHORITY OR AUDIENCE REQUEST SPECIFIC ITEMS BE REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE DISCUSSION AND ACTION UNDER SECTION IV, CONSENT ITEMS HELD OVER, OF THE AGENDA. A. MINUTES of the Financing Authority Meeting of May 27, 2004. Rec: Approve as presented. B. REQUEST FOR APPROVAL of the City of Palm Desert "Statement of Investment Policy 2005" (Joint Consideration with the Palm Desert City Council and the Palm Desert Redevelopment Agency). Rec: By Minute Motion, approve the "Statement of Investment Policy 2005," as amended. C. REQUEST FOR APPROVAL of the Renewal of the Banking and Custodial Relationship Between the City of Palm Desert and Union Bank of California (Contract No. C12211) (Joint Consideration with the Palm Desert City Council and the Palm Desert Redevelopment Agency). Rec: By Minute Motion, approve renewal of the City's banking and custodial relationship with Union Bank of California for another five years. POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING OCTOBER 28, 2004 D. REQUEST FOR APPROVAL of the Corporate Trust Relationship Between the City of Palm Desert and the Bank of New York (Contract No. C17631) (Joint Consideration with the Palm Desert City Council and the Palm Desert Redevelopment Agency). Rec: By Minute Motion, concur with the recommendation of the Investment & Finance Committee and renew the Corporate Trust Agreement between the Bank of New York and the City of Palm Desert for another five years, subject to the review and approval of the City Attorney. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None VI. NEW BUSINESS None VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. PUBLIC HEARINGS None X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER B. AUTHORITY COUNSEL C. PRESIDENT AND MEMBERS OF THE AUTHORITY 2 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING OCTOBER 28, 2004 XI. ORAL COMMUNICATIONS - C Any person wishing to discuss any item not scheduled for public hearing may address the City Council, Redevelopment Agency, or Financing Authority Boards at this point by stepping to the lectern and giving his/her name and address for the record. Remarks shall be limited to a maximum of three minutes unless additional time is authorized by the City Council, Redevelopment Agency, or Financing Authority Boards. Because the Brown Act does not allow the City Council, Redevelopment Agency, or Financing Authority Boards to take action on items not on the Agenda, members will not enter into discussion with speakers but will instead refer the matter to staff for report and recommendation at a future City Council, Redevelopment Agency, or Financing Authority meeting. XII. ADJOURNMENT I hereby certify under penalty of perjury under the laws of the State of California,that the foregoing agenda for the Palm Desert Financing Authority was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 22nd day of October, 2004. Ra helle D. Klassen, City Clerk 3