HomeMy WebLinkAbout2002-05-23 FA Regular Meeting Agenda POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MAY 23, 2002
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 April 25, 2002.
Rec: Approve as presented.
Action:
IV. CONSENT ITEMS HELD OVER
V. RESOLUTIONS
None
POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING MAY 23, 2002
VI. NEW BUSINESS
A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE
REIMBURSEMENT OF EXPENDITURES FROM THE PROCEEDS OF
BONDS FOR THE ACQUISITION OF PROPERTY FOR THE
DEVELOPMENT OF 36 RENTAL UNITS TO BE KNOWN AS THE
PALM VILLAGE APARTMENTS (JOINT CONSIDERATION WITH THE
PALM DESERT REDEVELOPMENT AGENCY).
Rec: Waive further reading and adopt:
1) Redevelopment Agency Resolution No. 446, declaring its
intent to reimburse expenditures for the acquisition of property
from the proceeds of bonds.
2) Financing Authority Resolution No. FA-36, declaring its intent
to reimburse expenditures for the acquisition of property from
the proceeds of bonds.
Action:
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
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POSTED AGENDA
PALM DESERT FINANCING AUTHORITY MEETING MAY 23, 2002
IX. PUBLIC HEARINGS
A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND
ISSUANCE OF TAX ALLOCATION REFUNDING REVENUE BONDS
(PROJECT AREA NO. 2), 2002 SERIES A, OF THE PALM DESERT
FINANCING AUTHORITY (JOINT CONSIDERATION WITH THE
PALM DESERT REDEVELOPMENT AGENCY).
Rec: 1) Receive public testimony.
Waive further reading and adopt:
2) Redevelopment Agency Resolution No. 447, making certain
findings, 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. 2), 2002 Series A, of the Palm Desert
Financing Authority.
3) Financing Authority Resolution No. FA-37, authorizing the sale
and issuance of its Tax Allocation Refunding Revenue Bonds
(Project Area No. 2), 2002 Series A, appointing a trustee,
approving as to form and authorizing the execution and
delivery of certain documents in connection with the sale and
issuance of said 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
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 17th day of May, 2002.
Rachelle D. Klassen, Dep ty City Clerk
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