HomeMy WebLinkAbout2004-05-27 FA Regular Meeting Agenda POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MAY 27, 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 13, 2004.
Rec: By Minute Motion, continue consideration until the Authority's next
meeting.
Action:
IV. CONSENT ITEMS HELD OVER
V. RESOLUTIONS
None
POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING MAY 27, 2004
VI. NEW BUSINESS
A. REQUEST FOR ADOPTION OF RESOLUTIONS IN CONNECTION WITH
THE ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING
REVENUE BONDS (PROJECT AREA NO. 1, AS AMENDED),
2004 SERIES A, OF THE PALM DESERT FINANCING AUTHORITY(JOINT
CONSIDERATION WITH THE PALM DESERT
REDEVELOPMENT AGENCY).
Rec: Waive further reading and adopt:
1) Redevelopment Agency Resolution No. 492, approving as to
form and authorizing the execution and delivery of certain
documents in connection with the sale and issuance of Tax
Allocation Refunding Revenue Bonds (Project Area No. 1 , As
Amended), 2004 Series A, of the Palm Desert Financing
Authority and authorizing certain other matters relating thereto.
2) Financing Authority Resolution No. FA-50, approving as to
form and authorizing the execution and delivery of certain
documents in connection with the issuance, sale, and delivery
of the Authority's Tax Allocation Refunding Revenue Bonds
(Project Area No. 1 , As Amended), 2004 Series A, appointing
a trustee and escrow agent, and authorizing certain other
matters relating thereto.
Action:
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
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POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING MAY 27, 2004
IX. PUBLIC HEARINGS
A. REQUEST FOR ADOPTION OF RESOLUTIONS IN CONNECTION WITH
THE ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING
REVENUE BONDS (PROJECT AREA NO. 1 , AS AMENDED),
2004 SERIES A OF THE PALM DESERT FINANCING AUTHORITY(JOINT
CONSIDERATION WITH THE PALM DESERT CITY COUNCIL).
Rec: 1) Receive public testimony.
2) Waive further reading and adopt City Council Resolution
No. 04-47, making finding of significant public benefit in
connection with the issuance and sale of Tax Allocation
Refunding Revenue Bonds (Project Area No. 1 , As Amended),
2004 Series A, of the Palm Desert Financing Authority.
3) Waive further reading and adopt Financing Authority
Resolution No. FA-49, acknowledging finding of significant
public benefit in connection with the issuance and sale of the
Authority's Tax Allocation Refunding Revenue Bonds (Project
Area No. 1, As Amended), 2004 Series A, and approving the
issuance, sale, and delivery of such bonds.
Action:
X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION
A. CHIEF ADMINISTRATIVE OFFICER
B. AUTHORITY COUNSEL
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
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POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING MAY 27, 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 21st day of May, 2004.
a elle D. K n, Ci Clerk
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