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HomeMy WebLinkAbout2002-04-25 FA Regular Meeting Agenda POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, APRIL 25, 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 11, 2002. Rec: Approve as presented. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 25, 2002 VI. NEW BUSINESS None VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. PUBLIC HEARINGS A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND ISSUANCE OF TAX ALLOCATION (HOUSING SET-ASIDE) REVENUE BONDS, SERIES 2002, OF THE PALM DESERT FINANCING AUTHORITY (JOINT CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY). Rec: 1) Receive public testimony. 2) Waive further reading and adopt Redevelopment Agency Resolution No. 443, 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 (Housing Set-Aside) Revenue Bonds, Series 2002, of the Palm Desert Financing Authority. 3) Waive further reading and adopt Financing Authority Resolution No. FA-35, authorizing the sale and issuance of its Tax Allocation (Housing Set-Aside) Revenue Bonds, Series 2002, 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: 2 POSTED AGENDA 4" `"ill" PALM DESERT FINANCING AUTHORITY MEETING APRIL 25, 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. ORAL COMMUNICATIONS 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 19th day of April, 2002 Rachelle D. Klassen, Deputy City Cler 3 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, APRIL 11, 2002 CIVIC CENTER COUNCIL CHAMBER I. CALL TO ORDER II. ROLL CALL III. CONSENT CALENDAR I 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 0 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 February 14, 2002. Rec: Approve as presented. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 11, 2002 VI. NEW BUSINESS A. REQUEST FOR APPROVAL OF ACTIONS FOR THE ACQUISITION OF A PUBLIC PARKING EASEMENT TO FINANCE THE COST OF THE INSTALLATION AND CONSTRUCTION OF PARKING STRUCTURES (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL AND THE PALM DESERT REDEVELOPMENT AGENCY). Rec: Waive further reading and adopt: 1) City Council Resolution No. 02-33, approving payment by the Palm Desert Redevelopment Agency for the cost of the acquisition of a public parking easement to finance the cost of the installation and construction of parking structures. 2) Redevelopment Agency Resolution No. 440, authorizing payment by the Palm Desert Redevelopment Agency for the cost of the acquisition of a public parking easement to finance the cost of the installation and construction of parking structures, and declaring the intent of the Agency to reimburse the cost thereof from the proceeds of bonds. 3) Financing Authority Resolution No. FA-32, declaring its intent to reimburse expenditures in connection with the cost of the acquisition of a public parking easement to finance the cost of the installation and construction of parking structures from the proceeds of the bonds. Action: 2 POSTED AGENDA `O` PALM DESERT FINANCING AUTHORITY MEETING APRIL 11, 2002 B. REQUEST FOR APPROVAL OF ACTIONS RELATED TO REIMBURSEMENT OF EXPENDITURES IN CONNECTION WITH THE WIDENING OF FRED WARING DRIVE (JOINT CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY). Rec: Waive further reading and adopt: 0 1) Redevelopment Agency Resolution No. 441 , declaring its intent to reimburse expenditures in connection with the widening of Fred Waring Drive from the proceeds of bonds. 2) Financing Authority Resolution No. FA-33, declaring its intent to reimburse expenditures in connection with the widening of Fred Waring Drive from the proceeds of bonds. Action: C. REQUEST FOR APPROVAL OF ACTIONS RELATED TO REIMBURSEMENT OF EXPENDITURES FOR THE ACQUISITION OF RENTAL HOUSING UNITS FROM THE PROCEEDS OF BONDS (JOINT CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY). Rec: Waive further reading and adopt: 1) Redevelopment Agency Resolution No. 442, declaring its intent to reimburse expenditures for the acquisition of rental housing units from the proceeds of bonds. 2) Financing Authority Resolution No. FA-34, declaring its intent to reimburse expenditures for the acquisition of rental housing units from the proceeds of bonds. Action: 3 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING APRIL 11, 2002 VII. CONTINUED BUSINESS A. MINUTES OF THE FINANCING AUTHORITY MEETING OF JANUARY 24, 2002 (Continued from the meeting of February 14, 2002). Rec: By Minute Motion, approve as presented. Action: VIII. OLD BUSINESS None IX. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER B. AUTHORITY COUNSEL C. PRESIDENT AND MEMBERS OF THE AUTHORITY X. 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 5th da il, 2002. ilok e _124V _ s Rachelle D. Klassen, De.uty City Clerk 4 POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, FEBRUARY 14, 2002 CIVIC CENTER COUNCIL CHAMBER I. CALL TO ORDER II. ROLL CALL III. CONSENT CALENDAR 0 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 January 24, 2002. Rec: Approve as presented. B. REQUEST FOR APPROVAL of Statement of Investment Policy 2002 (Joint Consideration with the Palm Desert City Council, Palm Desert Redevelopment Agency, and Palm Desert Housing Authority). Rec: By Minute Motion, approve the Palm Desert Statement of Investment Policy 2002, as amended. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None VI. NEW BUSINESS None POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING FEBRUARY 14, 2002 VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER B. AUTHORITY COUNSEL C. PRESIDENT AND MEMBERS OF THE AUTHORITY X. 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 8th day of February, 2002. Ra helle D. Klassen, Deput City Clerk 2