HomeMy WebLinkAbout2002-12-12 FA Regular Meeting Agenda POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, DECEMBER 12, 2002
CIVIC CENTER COUNCIL CHAMBER
I. CALL TO ORDER
II. ROLL CALL
r
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 23, 2002, and the
Adjourned Joint Meeting of the Redevelopment Agency/Financing Authority
of July 16, 2002.
Rec: Approve as presented.
Action:
IV. CONSENT ITEMS HELD OVER
V. RESOLUTIONS
None
POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING DECEMBER 12, 2002
VI. NEW BUSINESS
A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND
ISSUANCE OF TAX ALLOCATION REVENUE BONDS (PROJECT AREA
NO. 2),2003 SERIES A, OF THE PALM DESERT FINANCING AUTHORITY
(JOINT CONSIDERATION WITH THE PALM DESERT
REDEVELOPMENT AGENCY).
Rec: 1) Waive further reading and adopt Redevelopment Agency
Resolution No. 459, 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. 2), 2003 Series A, of the Palm Desert
Financing Authority.
2) Waive further reading and adopt Financing Authority
Resolution No. FA-40, authorizing the sale and issuance of its
Tax Allocation Revenue Bonds (Project Area No. 2),
2003 Series A, 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.
3) By Minute Motion, approve a conservative bond issue size,
which may result in the deferral of certain interest payments to
the City from the Agency, on outstanding loans to the City in
Project Area No. 2.
Action:
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
2
POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING DECEMBER 12, 2002
IX. PUBLIC HEARINGS
A. REQUEST FOR APPROVAL OF FINDINGS IN CONNECTION WITH THE
SALE AND ISSUANCE OF TAX ALLOCATION REVENUE BONDS
(PROJECT AREA NO. 2), SERIES 2003, OF THE PALM DESERT
FINANCING AUTHORITY (JOINT CONSIDERATION WITH THE
PALM DESERT CITY COUNCIL).
Rec: 1) Receive public testimony.
Waive further reading and adopt:
2) City Council Resolution No. 02-157, 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. 2), Series 2003, of the Palm Desert
Financing Authority.
3) Financing Authority Resolution No. FA-39, 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. 2), Series 2003.
Action:
3
POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING DECEMBER 12, 2002
X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION
A. CHIEF ADMINISTRATIVE OFFICER
B. AUTHORITY COUNSEL
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
XI. 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 6th day of December, 2002.
OP—
a'SD >d
SSA
Ra helle D. Klassen, Ci y lerk
4