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HomeMy WebLinkAbout2003-04-24 FA Regular Meeting Agenda POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, APRIL 24, 2003 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 March 13, 2003. Rec: Approve as presented. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None VI. NEW BUSINESS None VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 24, 2003 IX. PUBLIC HEARINGS A. REQUEST FOR APPROVAL OF ACTIONS RELATIVE TO THE SALE AND ISSUANCE OF TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 1 , AS AMENDED) SERIES 2003, OF THE PALM DESERT FINANCING AUTHORITY (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). Rec: Waive further reading and adopt: 1) City Council Resolution No. 03-57, making a finding of significant public benefit and other findings in connection with the sale and issuance of Tax Allocation Revenue Bonds (Project Area No. 1, As Amended), Series 2003, of the Palm Desert Financing Authority. 2) Financing Authority Resolution No. FA-42, acknowledging a finding of significant public benefit in connection with the sale and issuance of the Authority's Tax Allocation Revenue Bonds (Project Area No. 1, As Amended), Series 2003. Action: B. REQUEST FOR APPROVAL OF ACTIONS RELATIVE TO THE SALE AND ISSUANCE OF TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 3), SERIES 2003 (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). Rec: Waive further reading and adopt: 1) City Council Resolution No. 03-58, making a finding of significant public benefit and other findings in connection with the sale and issuance of Tax Allocation Revenue Bonds (Project Area No. 3), Series 2003, of the Palm Desert Financing Authority. 2) Financing Authority Resolution No. FA-43, acknowledging a finding of significant public benefit in connection with the sale and issuance of the Authority's Tax Allocation Revenue Bonds (Project Area No. 3), Series 2003. Action: 2 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 24, 2003 C. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND ISSUANCE OF PALM DESERT FINANCING AUTHORITY TAX ALLOCATION REVENUE BONDS(PROJECT AREA NO. 1,AS AMENDED), SERIES 2003 (JOINT CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY). Rec: Waive further reading and adopt: 1) Redevelopment Agency Resolution No. 465, approving as to form and authorizing the execution and delivery of certain documents in connection with the sale and issuance of Tax Allocation Revenue Bonds (Project Area No. 1 , As Amended), Series 2003, of the Palm Desert Financing Authority. 2) Financing Authority Resolution No. FA-44, authorizing the sale and issuance of its Tax Allocation Revenue Bonds (Project Area No. 1, As Amended), Series 2003, appointing a trustee, and approving as to form and authorizing the execution and delivery of certain documents in connection with the sale and issuance of said bonds. Action: D. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND ISSUANCE OF TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 3), SERIES 2003, 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. 466, approving as to form and authorizing the execution and delivery of certain documents in connection with the sale and issuance of Tax Allocation Revenue Bonds (Project Area No. 3), Series 2003, of the Palm Desert Financing Authority. 2) Financing Authority Resolution No. FA-45, authorizing the sale and issuance of its Tax Allocation Revenue Bonds (Project Area No. 3), Series 2003; appointing a trustee, and approving as to form and authorizing the execution and delivery of certain documents in connection with the sale and issuance of said bonds. Action: 3 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 24, 2003 X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER B. AUTHORITY COUNSEL C. PRESIDENT AND MEMBERS OF THE AUTHORITY 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 April, 2003. a hel e . lassen, City lerk 4